Orland Park (Ill.) Police Pension Fund Board of Trustees is searching for a non-discretionary investment consultant, said an RFP on the village’s website.
The reason for the search, along with whether incumbent consultant Bank of America Merrill Lynch can rebid, could not be learned by press time.
The RFP is available on Orland Park’s website. Proposals are due at 11 a.m. CDT on March 13. A timeline for a hiring decision was not disclosed.
As of Dec. 31, the $73 million pension fund had an asset allocation of 56% equities, 27% corporate/government bonds, 13% mutual funds, and the remainder in money funds or cash.
Annmarie Mampe, village finance director and pension fund treasurer, could not immediately be reached for additional information.