Regional Transportation Authority, Chicago, is searching for an investment consultant for its $247 million pension plan, said an RFP.
The reason for the search and information on a current consultant could not immediately be learned.
The RFP is available on the RTA's website. Registration is required.
Proposals are due by 3 p.m. CDT on Dec. 8. A timeline for a hiring decision was not disclosed.
The plan has a target asset allocation of 23.5% core bonds; 15% each domestic large-cap equity and international equity; 10% each domestic smidcap equity, multisector fixed income and emerging markets equity; 5% each hedge funds, global asset allocation and real assets; and 1.5% cash.
A procurement official and human resources official could not immediately be reached for additional information.