Lehigh County Employees' Retirement Fund, Allentown, Pa., is searching for an investment consultant.
The $631 million pension fund issued an RFP because it has been some time since the services have been put up for bid, said Mark Pinsley, county controller.
Current consultant Cornerstone Advisors Asset Management is invited to rebid, Pinsley said.
As of Dec. 31, the pension fund’s actual allocation was 44.8% domestic equities, 22.2% domestic fixed income, 18.1% international equities, 12.3% alternatives, and 2.6% cash and equivalents.
The RFP is available on the county’s procurement website. Proposals are due by 4 p.m. EDT on April 30. The county plans to issue an intent to award May 9.
