Tucson (Ariz.) Supplemental Retirement System hired Callan Associates as investment consultant, confirmed Allan Bentkowski, investment manager of the $649 million pension fund.
The hire is pending the finalization of the three-year contract, which is expected to begin July 1.
The pension fund issued an invitation-only search in December due to the pending contract expiration of incumbent consultant Hewitt EnnisKnupp on June 30. The firm rebid and was a finalist along with R.V. Kuhns & Associates, Segal Rogerscasey and Wilshire Associates.
Mr. Bentkowski said Callan is expected to begin conducting an asset allocation study in August. Specifics regarding the study will be determined at that time.