PBGC is searching for a general investment consultant for its $79.4 billion in investment assets.
The contract of Wilshire Associates, the current consultant to the Pension Benefit Guaranty Corp., is expiring, said Jeffrey Speicher, PBGC spokesman. Wilshire can rebid, he said.
The consultant would assist the PBGC in developing investment policy, asset allocation, asset/liability analysis, investment manager searches, performance measurement, among other work.
The RFP is available at www.pbgc.gov/about/procurement.html. Proposals are due June 1.
The contract would start Oct. 31 for a one-year term, with a renewal option for four additional years.
