Rockville (Md.) Employees Retirement System rehired Segal Rogerscasey as investment consultant for its hybrid retirement plan, confirmed Gavin Cohen, chief financial officer and finance director for the city.
The defined benefit portion of the plan has $74 million in assets and has an asset allocation of 26% international equity, 22% fixed income and mortgage, 17% large-cap equity, 13% small-cap equity, 12% real estate and 10% TIPS. The defined contribution part of the plan has 14 investment options and $22 million in assets.
Segal Rogerscasey also serves as consultant for the city's $3.3 million retiree benefit trust.
An RFP was issued in March.