Ohio State Highway Patrol eyes investment consultant search

Ohio State Highway Patrol Retirement System, Columbus, will likely begin a search for an investment consultant this summer, said Dennis Smith, chief investment officer.

The $830 million pension fund will likely issue an RFP perhaps in June or July, Mr. Smith said, because current consultant Hartland & Co.’s contract ends in April 2018. He will inform the board of trustees at its April 20 meeting that he plans to put the services up for bid.

Mr. Smith said the pension fund has already renewed the contract once without issuing an RFP and he is recommending putting the services up for bid as a good practice. He said he fully expects Hartland & Co. to rebid for the services. Once the RFP is issued, the selection process will take about two to four months.

The pension fund posts RFPs on its website.