New Hampshire Retirement System, Concord, will launch a search for an investment consultant in the second quarter, said Marty Karlon, pension fund spokesman, in an email.
The $9.5 billion pension fund will issue an RFP between April and June due to the upcoming expiration of NEPC's contract on Dec. 31.
The pension fund extended NEPC's contract in November 2018 for two years until Dec. 31, 2020, the last allowable extension. The firm will be eligible to rebid.
As of Dec. 31, the pension fund's actual allocation was: 28.8% domestic equities; 23.6% fixed income; 19.2% international equities; 17.9% alternative assets; 9.8% real estate; and the rest in cash.
The RFP will be posted on NHRS' website. A specific timeline for the search has yet to be determined.