Vermont Pension Investment Committee, Montpelier, is searching for an investment consultant.
The committee issued an RFP through the office of the state treasurer seeking a consultant to advise the committee on the money management of the $4.8 billion Vermont State Retirement Systems, confirmed Eric Henry, the committee's chief investment officer, in an email.
Current consultant NEPC is eligible to rebid, Mr. Henry said.
The target allocation for the retirement system is 24% passive global equities; 14% core fixed income; 10% private equity; 6% core-plus fixed income; 5% each active global equities, core real estate, international developed equities, private debt and short-term quality credit; 4% each domestic large-cap equities and emerging markets debt; 3% each small/midcap equities, non-core real estate and U.S. Treasury inflation-protected securities; and 2% each infrastructure/farmland and international small-cap equities.
The RFP is available on the state's procurement website. Proposals are due at 3 p.m. EDT on April 15. A timeline for a decision was not provided.