Utah Transit Authority, Salt Lake City, is searching for a discretionary investment manager for its $150 million defined benefit plan, said an RFP on procurement website BidSync.
The reason for the search, along with information on an incumbent manager, could not be learned by press time.
The RFP is available on BidSync. Proposals are due by 10 a.m. on Sept. 1. An expected hiring date was not disclosed.
As of March, the pension fund had a long-term target asset allocation of 35% global large-cap equity, 30% cash and fixed income, 25% global smidcap equity and 10% alternatives.
UTA officials could not immediately be reached for additional information.
