Port of Houston Authority of Harris County, Houston, is searching for an investment consultant for its $163.4 million pension plan and $27.7 million OPEB Trust.
The pension plan was closed to new participants as of Aug. 1, 2012. The plan’s target allocations are 35% core fixed income, 15% domestic large-cap equity, 12.5% each international equity and domestic midcap equity, 10% domestic small-cap equity, and 5% each high-yield fixed income, real estate and master limited partnerships.
The plan’s consultant and whether it can rebid could not be learned by press time.
The RFP is available on the port authority’s website.
The deadline for proposals is 11 a.m. CDT on Aug. 20. A hiring decision is expected in September or October.
Yvette Camel-Smith, director of procurement, could not be reached for further detail by press time.