Dallas Employees' Retirement Fund will launch a search for an investment consultant, confirmed John D. Jenkins, chairman of the board of trustees, in an email.
The $3.6 billion pension fund will send an RFP to 12 investment consulting firms on Friday as the contract of current consultant Wilshire Associates is set to expire Sept. 1, 2020.
Wilshire is included in the search. The other 11 firms listed in Sept. 10 board meeting materials are Aon Hewitt Investment Consulting, Asset Consulting Group, Cambridge Associates, DiMeo Schneider & Associates, Fund Evaluation Group, Marquette Associates, Meketa Investment Group, Mercer, NEPC, RVK and Segal Marco Advisors.
Mr. Jenkins did not say whether the RFP will be publicly posted.
Proposals will be due on Oct. 11, and a selection will take place at the pension fund's Dec. 10 or Jan. 8 board meeting.
As of June 30, the pension fund's actual allocation was: 14.3% global fixed income; 14% international equities; 13.4% domestic equities; 11.4% real estate; 9.9% each, global low-volatility strategies and high yield; 7.1% each, global equities and master limited partnerships; 6.9% private equity; 5% credit opportunities and 1% cash equivalents.
Mr. Jenkins referred questions to Cheryl Alston, executive director, who could not be immediately reached to provide further information.
