Harrison Township (Mich.) Employees Retirement System is searching for an investment consultant.
The $15 million pension fund's board is seeking proposals from investment consultants that can provide services that include the development of investment policy, objectives and guidelines, conducting asset allocation studies and searching for money managers, according to an RFP on the township's website.
The RFP does not disclose the name of the current consultant or whether the firm is eligible to rebid.
As of Dec. 31, the pension fund's actual allocation was 63.9% equities, 25.7% fixed income, 6.1% hedge funds and 4.3% money market funds.
The RFP is available on the township's website. Proposals are due at 4 p.m. EST on Nov. 8. A timeline for a selection was not provided.
Nicol Giebas, township finance director, could not be immediately reached for further information.