Searches and Hires

Rockford police, fire plans searching for investment consultants

Rockford (Ill.) Police Pension Fund and Rockford Firefighters' Pension Fund are searching for investment consultants, said RFPs on the city's website.

The reason for the search and information on current consultants could not immediately be learned.

Both RFPs are available on the city of Rockford website.

Proposals are due by 4:30 p.m. CDT on Aug. 24, with hiring decisions expected Sept. 20.

The $196 million police pension fund and $164 million firefighters' pension fund both have target asset allocations of 35% fixed income, 32.5% domestic equity, 17.5% non-U.S. equity, 10% real estate and 5% global tactical composite.

The pension funds' presidents could not immediately be reached for additional information.