Sheet Metal Workers, Local 36, St. Louis, later this month will conduct an invitation-only search for a consultant to oversee the $101 million pension plan, said Sharon Ahillen, fund administrator. Current consultant Smith Barney will not be asked to rebid because plan officials are concerned about conflict of interest due to Smith Barney’s affiliation with a brokerage firm, she said.
Assisting in the search are Schuchat, Cook & Werner, the plan’s legal counsel, and Rockwood Capital Advisors, which manages $54 million in active domestic fixed income for the plan.