Jacksonville (Fla.) City Retirement System named six finalists in its search for an investment consultant, said Joey Greive, city treasurer, in an email.
The $2.4 billion pension fund's board will interview Callan, Graystone Consulting, Meketa Investment Group, RVK, Segal Marco Advisors and Wilshire Associates at its Dec. 6 meeting, Mr. Greive said. A decision is expected shortly thereafter.
The pension fund issued an RFP in September because the public pension fund business of its incumbent consultant, Summit Strategies Group, was being purchased by AndCo Consulting. That transaction closed in mid-November and the duties are currently covered by two CFA charterholders on Mr. Greive's staff.
AndCo Consulting did bid for the services, Mr. Greive said.
As of July 31, the actual allocation of the pension fund was 27.1% domestic large-cap equities, 23.2% international equities, 17.7% fixed income, 15.2% real estate, 9.8% domestic small-cap equities, 6.6% diversifying assets and 0.4% cash.
Targets are 22% domestic large-cap equities; 20% each fixed income and international equities; 15% each diversifying assets and real estate; and 8% domestic small-cap equities.
