Orlando (Fla.) Firefighters' Pension Fund rehired NEPC as investment consultant and Bank of New York Mellon as global custodian, confirmed Christopher P. McCullion, executive director and city of Orlando treasurer.
The board of the $299 million pension fund approved the rehirings at its board meeting on Thursday. The city issued RFPs in July because of the expirations of the contracts of both firms on Sept. 30.
The RFPs were sent on behalf of the firefighters' pension fund, the $445 million Orlando Police Pension Fund and the $196 million Orlando General Employees' Pension Fund.
The board of the police pension fund approved the rehirings on Oct. 10. The board of the general employees' pension fund is scheduled to meet Dec. 5.
There were no other finalists. NEPC and BNY Mellon will sign new three-year contracts with the option for two one-year extensions to begin retroactively on Oct. 1.