Alabama Trust Fund, Montgomery, issued an RFP for an investment consultant for the $2.5 billion sovereign wealth fund.
The current consultant is Callan Associates. It could not be learned by press time whether Callan can rebid.
The trust fund's asset allocation as of Sept. 30 was 35.6% fixed income, 32.6% U.S. equity, 24.1% international equity and 7.7% real estate, according to the RFP.
The RFP is available on the website of Alabama state Treasurer Young Boozer. Proposals are due at 5 p.m. EST Jan. 8. A selection date has not been set, according to the RFP.
The trust fund manages the state's oil and gas royalties.
Mr. Boozer could not be reached for further details.
