Alaska Retirement Management Board, Juneau, is searching for a general investment consultant and a real assets consultant, spokeswoman Stephanie O. Alexander said in an email.
The board issued RFPs because the contracts of general investment consultant Callan and real assets consultant Townsend Group will expire June 30. Both firms are invited to rebid.
As of Dec. 31, the actual allocation of non-participant-directed assets was 22.2% domestic equities, 19.3% international equities, 18.2% real assets, 10.8% private equity, 10.6% opportunistic investments, 10.5% fixed income, 7.4% absolute return and 1% cash equivalents.
The board oversees the management of $32.3 billion in defined benefit and defined contribution plan assets, including the $18.3 billion Public Employees' Retirement System and $8.9 billion Teachers' Retirement System.
The general consultant RFP and real assets consultant RFP are both available on the board's website. Proposals for both are due at 4 p.m. Alaska Standard Time on Feb. 4. A notice of intent to award for both is expected April 8, and a three-year contract is expected to start July 1.
