Wichita (Kan.) Retirement Systems rehired Callan Associates as investment consultant, said Pam Beim, pension manager, in an e-mail.
An RFP for an investment consultant was issued in August due to Callan’s upcoming contract expiration of Dec. 31.
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 was for 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.