Tacoma (Wash.) Employees' Retirement System will begin a search for an investment consultant sometime during the summer, said Tim Allen, retirement director and chief investment officer.
The $1.9 billion pension fund will issue an RFP due to the impending expiration of current consultant Wilshire Associates' contract, which was recently extended through March 2022.
Mr. Allen said Wilshire is expected to rebid.
As of Dec. 31, 2019, the most recent data available, the pension fund's actual allocation was 32.3% global equities; 15.2% core fixed income; 9.7% private equity; 9.5% minimum volatility equity; 8.8% each high yield/banks loans and real estate; 5.4% emerging markets debt; 5.2% real assets; 4.8% Treasury inflation-protected securities; and 0.3% short term fund.
The city of Tacoma posts RFPs on its purchasing website. Other timelines have yet to be determined.