Searches and Hires

Mobile Police & Firefighters issues call for investment consultant

Mobile (Ala.) Police & Firefighters Pension Fund is searching for an investment consultant for the $155 million plan.

Consequent Capital Management, which in February acquired the pension fund's investment consultant, Gray & Co., can rebid, said Mary Berg, pension coordinator.

The pension fund's target asset allocation was 52.5% U.S. equities, 25% fixed income, 15% international equities, 5% real estate and 2.5% timberland as of March 31, 2016, according to the fund's latest investment report posted on its website.

Proposals are due Aug. 25, according to the RFP on the pension fund's website. A selection is expected on Oct. 25.