Brazos River Authority, Waco, Texas, is searching for an investment consultant for its frozen defined benefit plan, said a spokeswoman in an e-mail.
The search is being conducted due to the Oct. 31 contract expiration of incumbent consultant, The Bogdahn Group, which is invited to rebid.
The plan had $22 million in assets as of Feb. 28, 2015. As of the same date, it had a target asset allocation of 50% public equities, 25% fixed income, 10% each master limited partnerships and real estate investment trusts, and 5% private equity.
The RFP is available on the authority’s purchasing website.
The deadline for proposals is 3 p.m. CDT on Sept. 28. A hiring decision is anticipated sometime in the fourth quarter.
