Wichita (Kan.) Retirement Systems is searching for an investment consultant, said Pam Beim, pension manager.
The search is being conducted because the contract of incumbent consultant Callan Associates is expiring Dec. 31; Callan is invited to rebid.
The RFP is available on the city's website. Proposals are due by 3 p.m. CDT on Sept. 2. Finalist presentations are scheduled for Oct. 6, with a hiring decision between Oct. 24 and Nov. 30.
The retirement system administers roughly $1.1 billion in general employee and police and fire defined benefit assets, and $5 million in general employee defined contribution assets. The search applies to both DB and DC assets.
As of Dec. 31, the retirement system's pension plans had a target asset allocation of 40% U.S. equity, 22% each international equity and U.S. fixed income, 5% each real estate and timber, and 3% each Treasury-inflation protected securities and commodities.