Searches and Hires

Naples, Fla., sticks with Graystone Consulting as consultant for 3 pension funds

Naples, Fla., rehired Graystone Consulting as investment consultant for the city's three pension funds, according to a video of a May 18 joint board meeting.

The city issued an RFP in January due to the boards' policy to put the services up for bid every five years. Other finalists were Burgess Chambers & Associates and Meketa Investment Group.

The three pension funds are the Firefighters' Retirement Trust Fund, General Employees' Retirement Trust Fund and Police Officers' Retirement Trust Fund, with a combined $158 million in assets.

City officials could not be immediately reached to provide further information.