Searches and Hires

Hawaii Employees keeps PCA as investment consultant

Hawaii Employees' Retirement System, Honolulu, rehired Pension Consulting Alliance as its general investment consultant, pending final contract negotiations, said an award letter on the $15.4 billion pension fund's website.

An RFP was issued in March due to PCA's June 30 contract expiration.

As of Dec. 31, the pension fund had a target asset allocation of 83% broad growth, 12% principal protection and 5% real return.

Vijoy Chattergy, chief investment officer, could not immediately be reached for further information.