Aurora, Ill., rehired Marquette Associates as non-discretionary investment consultant for its police pension fund and firefighters’ pension fund, said Erin Miller, administrative aide for the city’s finance department, in an e-mail.
An RFP was issued in March because of Marquette’s June 30 contract expiration and a requirement that services go out for proposal every five years.
As of Dec. 31, the police plan had $178 million in assets and the firefighters plan, $141 million. Both pension funds had a target allocation of 35% fixed income, 32% U.S. equity, 16% international equity, 10% real estate, 5% alternatives and 2% cash.
