Searches and Hires

Cambridge Retirement retains Segal Marco as investment consultant

Cambridge (Mass.) Retirement System rehired Segal Marco Advisors as investment consultant, recently released board meeting minutes said.

The $1.3 billion pension fund issued an RFP in March to comply with state law that requires the services go out to bid every seven years.

Six proposals were reviewed at the July 9 board meeting; there were no other finalists.

As of Dec. 31, according to the pension fund's annual report, the actual asset allocation of the plan was 32.52% domestic equities, 10.66% emerging market equities, 10.43% international equities, 10.04% core fixed income, 7.81% hedge funds, 6.81% real estate, 4.99% high-yield fixed income, 4.91% international fixed income, 4.22% private equity, 2.88% emerging markets debt, 2.4% infrastructure, 1.53% other, 0.64% timber and 0.14% cash.

Ellen K. Philbin, executive director, could not be immediately reached to provide further information.