Updated with correction
Spokane (Wash.) Employees’ Retirement System named current consultant Hyas Group as well as NEPC and Meketa Investment Group as finalists in its search for an investment consultant, said Phillip Tencick, retirement director.
The $280 million pension fund’s board is delaying finalist presentations until the consultants are able to make in-person presentations sometime in 2021, Mr. Tencick said.
Presentations are currently only possible remotely due to COVID-19 pandemic-related restrictions.
The pension fund issued the RFP in May due to its policy to put the services up for bid every five years, Mr. Tencick said at the time.
As of March 31, the pension fund's actual allocation was: 28.2% domestic equities; 25.3% capital preservation assets; 19.7% international equities; 9% real estate; 7.8% long-biased hedge funds; 7.1% opportunistic credit; and 3% special opportunities.