Cincinnati Retirement System is searching for an investment consultant.
The $2.2 billion pension fund posted an RFP on the city's procurement website on Wednesday for a firm to provide ongoing consulting services, including making recommendations to the board on investment policies and investment management structure and investment management selection.
In a December email, Michael Barnhill, the pension fund's executive director, said an RFP would be issued sometime in 2023 due to the upcoming expiration of current consultant Marquette Associates' contract. The firm would be eligible to rebid, he said at the time.
As of Feb. 28, the pension fund's actual allocation was 28.3% domestic equities, 21.9% real assets, 19% international equities, 14.6% fixed income, 11.2% private equity, 2.6% defensive equity, 1.5% private debt and 0.9% cash/other.
The target allocation is 28.5% domestic equities, 22.5% fixed income, 18% international equities, 17.5% real assets, 8% private equity, 3% private debt and 2.5% defensive equity.
The RFP is posted on the city's procurement website. Registration is required. Proposals are due at 10 a.m. EDT on June 29. A selection is tentatively scheduled for Aug. 21.
Mr. Barnhill could not be immediately reached for further information.
