Austin’s Capital Metropolitan Transportation keeps Cornerstone as consultant

Capital Metropolitan Transportation Authority, Austin, Texas, rehired Cornerstone Advisors as investment consultant for its defined benefit pension plan and three 401(k) plans, according to a contract posted on procurement website Onvia DemandStar.

The DB pension plan, which has about $14 million in assets, has an asset allocation of 48.25% domestic equity, 37.45% domestic fixed income and 14.3% international equity. The 401(k) plans, with about $15 million in combined assets, have the same 16 investment options, in addition to a series of retirement income funds.

An RFP was issued Nov. 30.

Spokeswoman Francine Pares could not be reached.