Farmington Hills (Mich.) Employees' Retirement System is searching for an investment consultant for its $151.3 million defined benefit plan, according to an RFP.
The current strategic asset allocation for the plan is 25% U.S. equities; 17.5% international equities; 15% investment-grade fixed income; 10% each equity hedge assets, private equity and private real estate; 7.5% emerging markets equities; and 5% high-yield fixed income.
The RFP is available on the state's procurement website. Registration is required. Proposals are due by 10 a.m. CDT March 21. A selection is expected to be made sometime in May.
Kelly Monico, the city's director of central services, and Steve Barr, the city's finance director/treasurer, could not be immediately reached for additional information.