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New Orleans City Employees names 5 investment consultant finalists

New Orleans French quarter
Bourbon Street in New Orleans’ French Quarter

New Orleans City Employees' Retirement System named five finalists in its search for an investment consultant, said Jesse Evans Jr., director, in an email.

The $340 million pension fund named current consultant AndCo Consulting (formerly The Bogdahn Group) as well as Callan Associates, Consequent Capital Management, Dahab Associates and PFM Asset Management as finalists.

The pension fund issued an RFP in October due to new rules from the city's office of supplier diversity, which suggested putting services up for bid following the first of two one-year renewal options with AndCo, which was still The Bogdahn Group at the time.

The finalists will make presentations at the pension fund's board meeting Feb. 13-14, with a decision shortly thereafter.