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Pension Funds

Tampa General Employees narrows investment consultant search to 3 finalists

Tampa (Fla.) General Employees' Retirement Fund named Asset Consulting Group, Graystone Consulting and NEPC as finalists in its search for an investment consultant, said Natasha Wiederholt, pension plan supervisor, in an email.

The $763 million pension fund issued an RFP in March because current consultant Asset Consulting Group's contract was set to expire March 31; the firm is staying on through the RFP process. Finalist interviews, with a decision expected shortly thereafter, will take place at the pension fund's July 17 board meeting.

The pension fund's target allocation is 30% fixed income, 25% domestic large-cap equities, 20% international developed markets equities, 10% domestic small-cap equities, 7% core real estate, 5% emerging markets equities and 3% opportunistic real estate.

As of Jan. 31, the actual allocation was 27.2% fixed income, 27% domestic large-cap equities, 21.7% international developed markets equities, 10.2% domestic small-cap equities, 5.6% core real estate, 5.5% emerging markets equities, 2.7% opportunistic real estate, and 0.1% cash and cash equivalents.