Wayne County Employees’ Retirement System, Detroit, is searching for a general investment consultant for its $750 million defined benefit plan, according to an RFP on the pension fund’s website.
The incumbent is Graystone Consulting. It could not be determined by press time whether the firm can rebid.
The pension fund has a 44% allocation to domestic equity, 17% alternatives, 16% fixed income, 13% global equity and the remainder in real estate.
The RFP is available at www.wcers.org/rfp/Investment%20Consultant%20RFP%20August%2014%202012.pdf. Proposals are due at 3 p.m. EDT Sept. 27. A hiring date was not specified.
Robert Grden, executive director, and Gerard Grysko, deputy executive director, were not available for additional information.