Hawaii Employees’ Retirement System, Honolulu, plans to issue RFPs later this month for a real estate consultant and a general investment consultant, said Vijoy Chattergy, chief investment officer.
The searches are being conducted due to the March 31 contract expiration of real estate consultant Courtland Partners and the June 30 contract expiration of general consultant Pension Consulting Alliance. Both firms are invited to rebid.
Once approved, the RFPs are expected to be posted on the $15 billion pension fund’s website.
The new contracts are expected to start in July.
As of June 30, the pension fund had a target asset allocation of 76% broad growth, consisting of growth-oriented, stabilized growth and private growth strategies; 12% principal protection; 7% real estate; and 5% real return.