Philadelphia Board of Pensions and Retirement is searching for a proxy consultant for the $4.5 billion pension fund.
The RFP was issued because the contract of incumbent Marco Consulting Group is expiring, said Christopher Difusco, director of investments at the pension fund. He said Marco is welcome to rebid.
The RFP is available on the city’s procurement website. Proposals are due at 5 p.m. EDT May 6.
The board should select the consultant in the next two to four months, following a recommendation by the investment staff, Mr. Difusco said.
