Searches and Hires

Savannah Employees’ Retirement Plan reissues consultant search

Savannah (Ga.) Employees' Retirement Plan is searching for an investment consultant, said David Maxwell, the city's chief financial officer and director of the finance department, in an email.

The $388 million pension fund reissued an RFP originally released in March 2017. Mr. Maxwell said the board elected to postpone the search and hire legal counsel to advise the board on the consultant search. It hired Morris, Manning & Martin to assist later in 2017.

Current consultant DeMarche Associates is eligible to rebid.

As of Dec. 31, the pension fund's asset allocation was 42.5% domestic large-cap equities, 27.4% fixed income, 10.5% international equities, 10% domestic small-cap equities and 9.6% real estate.

The RFP is available on the city's purchasing website. Registration is required. Proposals are due at 12:30 p.m. EDT on June 19. A timeline for a decision has yet to be determined.