Maryland State Retirement & Pension System, Baltimore, is searching for an absolute-return consultant, according to a request for information issued Wednesday.
The $49 billion pension fund has $5 billion in absolute-return strategies, including $3.2 billion in an absolute-return portfolio, according to the RFI. The remaining assets are in public equity, credit and real estate portfolios.
The current consultant is Albourne Partners, whose contract ends in December. Albourne has been the consultant since 2011 and is eligible to bid, spokesman Michael Golden said.
The contract, scheduled to begin Dec. 22, is for five years, with the possibility of two one-year extensions.
The RFI is available on the pension fund's website.
Responses are due by 4 p.m. EDT on Sept. 8. A hiring date has not been determined.