Searches and Hires

Metropolitan Washington Airports Authority preps investment consultant search

Metropolitan Washington Airports Authority, Washington, will launch a search for an investment consultant for its two pension plans on Dec. 10.

A notice on the authority's website says the RFP will be issued for a firm "to provide investment consultant services to support the Airports Authority's Retirement Committee in carrying out its fiduciary and programmatic responsibilities." The name of the current consultant, whether the firm is invited to rebid, and due date and decision dates could not be immediately learned.

As of Dec. 31, the Metropolitan Washington Airports Authority Retirement Plan had $181 million in assets, with an actual allocation of 30% domestic large-cap equities, 20.2% international equities, 17.9% domestic fixed income, 10.7% convertible bonds, 10.3% domestic small-cap equities, 9.9% real estate equities and the rest in cash.

As of that same date, the Retirement Plan for Police Officers and Firefighters had $108 million in assets, with an actual allocation of 31.1% domestic large-cap equities, 20.9% international equities, 16.9% domestic fixed income, 10.7% convertible bonds, 9.9% domestic small-cap equities, 9.7% real estate equities and the rest in cash.

The RFP will be posted on the authority's procurement webpage.

Spokeswoman Christina Saull could not provide further information.