Virginia Port Authority, Norfolk, is searching for one or more investment consultants for its retirement plans.
The authority is seeking one investment consultant to advise on all the retirement plans, but will consider multiple consultants based on the proposals it receives, an RFP posted on the state's procurement website said.
Information on the current consultant could not be learned by press time.
The 10 retirement plans have a total of $156 million in assets. The largest is the Virginia International Terminals defined benefit plan with $87 million.
The RFP is available on Virginia's state procurement website. Proposals are due at 2 p.m. EDT on June 29. Finalist presentations are tentatively scheduled for the week of July 27 and selection for the week of Aug. 6.
Joe Harris, port authority spokesman, could not provide further information by press time; David M. James, vice president of contracts and real estate, did not reply to requests for further information by press time.
