Knoxville (Tenn.) City Employees' Pension System is searching for an investment consultant.
The $650 million pension fund issued a request for qualifications due to its policy of putting services up for bid every five years, said Kristi Paczkowski, executive director.
Current consultant Marquette Associates is eligible to rebid, she said.
As of Sept. 30, the pension fund's actual allocation was 25.5% domestic equities, 25% fixed income, 20.7% international equities, 17.5% real assets, 10.9% private equity, and the rest in cash and equivalents.
The target allocation is 29% fixed income, 24% domestic equities, 20% real assets, 19% international equities and 8% private equity.
The RFQ is available on the BidNet Direct procurement website. Registration is required. Proposals are due by 11 a.m. EST on Dec. 15. A selection is tentatively scheduled by March 1, Paczkowski said.
