Searches and Hires

Tampa General Employees sticks with Asset Consulting Group

Tampa (Fla.) General Employees' Retirement Fund rehired Asset Consulting Group as investment consultant, said Natasha Wiederholt, pension plan supervisor, in an email.

The $727 million pension fund issued an RFP in March because ACG's contract was set to expire March 31; the firm has been staying on through the RFP process.

Graystone Consulting and NEPC were the other finalists.

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 July 31, the asset allocation was 27.3% fixed income, 26.5% domestic large-cap equities, 21% international developed markets equities, 11.2% domestic small-cap equities, 6.1% core real estate, 4.9% emerging markets equities, and 3% opportunistic real estate.