Kansas Public Employees Retirement System, Topeka, is searching for an investment consultant for its $18 billion pension fund, said an RFP on the KPERS' website.
The search is being conducted to test the market, spokeswoman Kristen Basso previously told Pensions & Investments. Pension Consulting Alliance has been the fund's consultant for 10 years. PCA is invited to rebid.
The RFP is available on KPERS' website. Proposals are due by noon CDT on Oct. 27 with a hiring decision expected in June.
As of June 30, the pension fund had an asset allocation of 27.5% domestic equity, 24.5% international equity, 10.9% fixed income, 10.8% real return, 9.2% real estate, 7.5% yield-driven investments, 5.1% alternative investments, and 4.5% cash equivalents.
In others news, the pension fund returned 12.7% for the fiscal year ended June 30, topping its 12.2% benchmark, according to a performance report on the pension fund’s website.
For the three, five, 10 and 25 years ended June 30, the pension fund returned an annualized 5.6%, 9.7%, 5.7% and 8.5%, respectively, vs. it benchmark returns of 5.2%, 9.1%, 5.6% and 7.9% in each of those periods.