Searches and Hires

Tampa General Employees launches consultant search

Tampa (Fla.) General Employees Retirement Fund is searching for an investment consultant, said Natasha Wiederholt, pension plan supervisor, in an email.

The $763 million pension fund issued an RFP because the contract of current consultant Asset Consulting Group is set to expire on March 31. ACG will stay on through the RFP process, and is eligible to rebid.

The RFP is available on the DemandStar procurement website. Registration is required. Proposals are due at 3 p.m. EDT on March 21. A timeline for a decision has yet to be determined.

The pension fund's target allocation is 30% fixed income, 25% domestic large-cap equities, 20% international developed markets equities, 10% domestic small-cap equities, 7% core real estate, 5% emerging markets equities and 3% opportunistic real estate.

As of Jan. 31, the actual allocation was 27.2% fixed income, 27% domestic large-cap equities, 21.7% international developed markets equities, 10.2% domestic small-cap equities, 5.6% core real estate, 5.5% emerging markets equities, 2.7% opportunistic real estate, and 0.1% cash and cash equivalents.