Arizona Public Safety Personnel Retirement System, Phoenix, is searching for a non-discretionary investment consultant for its investment staff.
The $17 billion pension fund issued an RFP for a non-discretionary consultant to assist the pension fund's investment staff "in maintaining the trust's assets and best execution of the board's investment policy statement," according to the RFP posted on the pension fund's website.
The RFP does not disclose whether a firm currently provides these services. NEPC currently serves as the investment consultant advising the pension fund's board, and the RFP notes that firm's contract is not up for bid.
As of Dec. 31, the most recent data available, the pension fund's actual allocation was 24.1% global private equity; 23.9% public domestic equities; 15.7% public international equities; 12.5% diversifying strategies; 11.8% private credit; 6.7% cash; 2.7% other assets; and 2.6% core fixed income.
The RFP is available on PSPRS' website. Proposals are due by 5 p.m. MST on Oct. 29. A timeline for a selection was not provided.
PSPRS spokesman Christian Palmer could not be immediately reached for further information.