Jacksonville (Fla.) City Retirement System will soon search for an investment consultant, confirmed Joey Greive, chief investment officer.
The $1.9 billion pension fund will likely finalize a request for proposals in the next week or so, Mr. Greive wrote in an e-mail.
Current investment consultant Summit Strategies Group will be invited to rebid. The firm has been with the retirement system “as we have moved the plan from the middle of the pack to become a top-decile performer as compared to our peers,” wrote Mr. Greive.
An RFP is being issued because pension fund officials feel it's healthy to test the marketplace, Mr. Greive said. The RFP will be posted on the city's procurement website.
