The $854 million pension fund issued an RFP in May 2017. According to the pension fund's April 22 board meeting minutes, Joseph Clark, board chairman, reminded trustees of the outstanding RFP and "suggested it might be prudent to cancel the RFP because it had been open since April 2017."
The board voted to cancel the RFP and retain the services of incumbent consultant NEPC. Further information on the RFP could not be immediately learned.
As of April 30, the pension fund's actual allocation was 16.1% international equities, 11.9% global tactical asset allocation, 9.8% domestic micro/small/midcap equities, 9.7% domestic large-cap value equities, 8.1% domestic core fixed income, 7.6% domestic large-cap growth equities, 6% global equities, 5.8% hedged strategies, 5.7% real estate, 5.4% absolute-return domestic fixed income, 5% private markets, 4.4% global multisector fixed income, 3.1% emerging markets debt, 1% cash and 0.4% domestic large-cap core equities.
Andrew Clark, executive director, did not return a phone call seeking further information.