Austin (Texas) Police Retirement System is searching for an investment consultant, confirmed Sampson Jordan, CEO of the $520 million pension fund.
Incumbent Consulting Services Group is invited to rebid.
The pension fund has a target asset allocation of 45% equity; 22.5% real estate including timber; 15% each fixed income and alternatives, which consists of private equity and hedge funds; and 2.5% cash.
The RFP is available on the pension fund's website at www.ausprs.org/files/ConsultantRFP.pdf.
Proposals are due at 5 p.m. CST Jan. 4. Finalists will be selected in January; a hiring date has not been determined, Mr. Jordan said.