State of Wisconsin Investment Board, Madison, is searching for a beta-one consultant and real estate consultant, said Vicki Hearing, SWIB spokeswoman, in an email.
The board, which oversees $117 billion in assets, including the $100.3 billion Wisconsin Retirement System, issued the RFPs due to its policy of putting consultant services up for bid every five to seven years. The current beta-one consultant, Wilshire Associates, and the current real estate consultant, StepStone Real Estate, are both invited to rebid.
The board's $8.9 billion beta-one equity portfolio and $4.2 billion beta-one fixed-income portfolio fall within the $18.3 billion "funds alpha" allocation, which also includes hedge funds. The real estate portfolio has about $6.9 billion in assets.
The beta-one consultant RFP is available on SWIB's website. Proposals are due at 5 p.m. CST on Nov. 12. Finalist interviews are scheduled for the week of Dec. 3, with a decision shortly thereafter.
The real estate consultant RFP is also available on SWIB's website. Proposals are due at 5 p.m. CST on Nov. 16. Finalist interviews are scheduled for Dec. 13-18, with a decision made shortly thereafter.