Fulton County School Employees Pension Fund, Atlanta, is searching for an investment consultant, an RFP posted on the school’s procurement website said.
The $340 million pension fund originally approved the search following the installation of a new pension board in June 2013. In an October 2013 telephone interview, Executive Director Greta Tinaglia had said the search would be conducted due to changes in the investment policy, and current consultant Gray & Co. would be invited to rebid.
The RFP said the pension fund is switching to a discretionary investment consultant from a traditional, non-discretionary one.
The investment consultant will have discretion to handle the investment management of the pension fund, while the board will continue to have the responsibility of “setting the investment objectives, the target asset allocation and other policy limits,” the RFP said.
The RFP is available on Fulton County Schools’ website. Proposals are due at 2:30 p.m. EDT on Oct. 21. Finalist interviews and selection are tentatively scheduled for January on a date still to be determined.
Ms. Tinaglia was not available to provide further information by press time.