District of Columbia Retirement Board is searching for an investment consultant.
The board is seeking a non-discretionary investment consultant to provide investment research and consulting covering both traditional investments and alternative investments, according to an RFP posted on the District of Columbia's procurement website.
The RFP does not disclose whether current consultant Meketa Investment Group is eligible to rebid.
The board's target allocation is 24% fixed income, 20% domestic equities, 16% international developed markets equities, 15% real estate/infrastructure/natural resources, 10% emerging markets equities, 9% private equity, 3% private debt, 2% absolute-return strategies and 1% cash.
The board oversees the investment management of the District of Columbia Police Officers and Fire Fighters' Retirement Fund, and the District of Columbia Teachers' Retirement Fund, which have a combined $10.9 billion in assets.
The RFP is available on DC's procurement website. Registration is required. Proposals are due at 2 p.m. EST on Nov. 9. A timeline for a selection was not provided.
Gianpiero "J.P." Balestrieri, the board's executive director, could not be immediately reached for further information.