North Yorkshire County Council Pension Fund, Northallerton, England, issued RFPs for an investment consultant and an independent investment adviser, according to Tom Morrison, principal accountant of the £1.2 billion ($2 billion) fund.
Mercer is the current consultant, and Allenbridge Group is the independent adviser. The contracts for both firms expire in March, and both are allowed to rebid.
The fund has a 72% allocation to equities with 23% in fixed income and 5% in real estate. Fund officials are considering raising the allocation of real estate by a “modest” amount but haven’t decided whether to reduce equities or bonds to fund the move, Mr. Morrison said.
Proposals are due Jan. 4, and appointments are expected in March. Further information can be obtained at http://scms.alito.co.uk, the group website for local government groups in the region.