Texas Emergency Services chooses Bogdahn Group as investment consultant

Texas Emergency Services Retirement System, Austin, hired The Bogdahn Group as investment consultant, effective Jan. 1, said recently released board meeting minutes.

The $88 million pension fund issued an RFP in June. The reason for the search and whether previous consultant Milliman rebid could not immediately be learned.

The other finalists were Pension Consulting Alliance and RVK.

Separately, the pension fund hired BlackRock (BLK) as a passive domestic small-cap value equity manager, replacing domestic small-cap core equity manager Luther King Capital Management.

The allocation size and reason for Luther King’s termination could not immediately be learned. Luther King managed $4.2 million for the pension fund as of March 31, the most recent information available, according to an investment report on the pension fund’s website.

Kevin Deiters, executive director, could not immediately be reached for additional information.