Searches and Hires

Lisle Police Pension Fund seeks investment consultant

Lisle (Ill.) Police Pension Fund is searching for an investment consultant, said Brett Lauten, president of the pension fund, in an email.

The $33 million pension fund issued an RFP because of a state statute that requires the pension fund to put the services up for bid every five years, Mr. Lauten said. Current consultant Marquette Associates is invited to rebid.

The target asset allocation is 40% domestic equities, 35% fixed income, 15% international equities and 10% real estate.

The RFP is available on the village of Lisle's purchasing website. Proposals are due at 5 p.m. CDT on May 22. The board hopes to make a decision by the end of the summer, Mr. Lauten said.