Searches and Hires

Cobb County-Marietta Water Authority plumbs for investment consultant

Cobb County-Marietta Water Authority, Marietta, Ga., is searching for an investment consultant for its $39 million defined benefit plan, said Cole E. Blackwell, the authority's director of operations and assistant general manager, in an email.

The authority has issued an RFP for due diligence purposes; the services have not been put up for bid for many years, Mr. Blackwell said.

Robert Hunziker, a sole proprietor, is the current consultant and is invited to rebid.

The defined benefit plan's target allocation as of Dec. 31, 2017, according to the authority's most recent comprehensive financial annual report, was: 45% domestic large-cap equities; 32% fixed income; 6% each, domestic midcap equities, domestic small-cap equities and international large-cap equities; 2% each, emerging markets equities and real estate and 1% cash.

The RFP is available on the state of Georgia's procurement website. Proposals are due at 1 p.m. EST on Feb. 26. A decision is expected at the authority's March 18 board meeting.