Wilmette (Ill.) Fire Pension Fund and Wilmette Police Pension Fund rehired Graystone Consulting as their investment consultant, said Christopher Canning, president of the firefighters’ pension board.
A joint RFP was issued earlier this year because of a requirement that services go out to bid every few years.
The fire and police pension funds have about $41 million and $42 million in assets, respectively.
As of the Dec. 31, the Wilmette Fire Pension Fund had an asset allocation of 40.9% domestic equity, 33% domestic fixed income, 21% international equity, 2.6% real estate, 0.8% alternatives and the remainder in cash, according to materials prepared for the pension funds’ joint January board meeting.
The Wilmette Police Pension Fund had an asset allocation of 34% fixed income, 27.5% domestic large-cap equity, 11.3% international equity, 10.4% domestic midcap equity, 7.1% emerging markets equities, 7% domestic small-cap equity and 2.7% real estate, according to the materials.