Independent Electricity System Operator, Toronto, issued an RFP for an investment consultant to conduct an asset allocation study of the C$500 million ($381 million) pension plan.
The selected consultant will analyze whether the plan should begin a liability-driven investment strategy as well as conduct a 10-year review of active vs. passive management, according to the RFP.
The plan's current asset allocation is 40% each global equity and fixed income, and 20% Canadian equities.
The current consultant and whether it can rebid could not be learned by press time.
The RFP is on the IESO website. Proposals are due at 3 p.m. EDT Aug. 27; the selected consultant will work under a contract effective Sept. 14. Officials at IESO could not be immediately reached for further details.