Management Employees Pension Board, Edmonton, Alberta, reissued an RFP for an investment consultant for the C$3.88 billion ($3.15 billion) pension fund.
The board had issued an RFP for a consultant in March, but because of “unforeseen circumstances” it canceled the original search and reissued it Tuesday, said Brenda Chisholm, plan board manager.
The selected consultant would assist the board with monitoring its investment performance. The role will not duplicate the investment management of the C$75 billion Alberta Investment Management Co., Edmonton, which manages the plan’s assets. The chosen firm is expected to provide “value-added independent advice that supports MEPB in its fiduciary responsibilities.”
The consultant would work under successive one-year contracts up to a maximum of five years, effective Sept. 1.
API Asset Performance is the current consultant, according to the board’s 2014 annual report. The firm can rebid
The RFP is on the website of the Alberta Purchasing Connection, the provincial government’s procurement website. Proposals are due at noon MDT July 22; a selection is expected by Aug. 28.