Florida State Board of Administration, Tallahassee, launched a search for a general investment consultant and a public market implementation consultant.
Firms can apply for one or both of the assignments.
The board could hire more than one firm, according to the invitation to negotiate, a type of RFP, available at www.sbafla.com.
The consulting work would be for the $155.4 billion the board oversees, including the Florida Retirement System's $126.9 billion defined benefit plan and $6.1 billion 401(a) defined contribution plan.
Hewitt EnnisKnupp and Wilshire Associates, the FSBA's incumbent general consultants, can rebid. Their contracts expire June 30, prompting the search.
According to the notice, the FSBA is seeking the general consultant's assistance in developing investment policy, asset allocation, strategy and performance analysis, and the implementation consultant's assistance in evaluating, selecting and monitoring of investment managers for public market investments.
Proposals are due March 14. The board expects to make a decision June 14.