Meriden Pension Board seeks investment consultant

Meriden (Conn.) Pension Board is seeking an investment consultant for the city’s $233 million combined pension plans and its $29 million OPEB trust.

Hooker & Holcombe is assisting with the search. The firm will not be submitting a bid, said Arthur J. Meizner, director of investment consulting services at Hooker & Holcombe.

The search is being conducted because the city has been with current consultant Stifel Nicolaus for nearly 20 years and feels it is time to consider new options, Mr. Meizner said. Stifel Nicolaus will be submitting a proposal.

The RFP is available on the city’s website. Proposals are due by 4 p.m. EDT on June 2. The board expects the process for evaluating and selecting an adviser to be completed by July 13, with a contract to start by Oct. 2.