Carroll County, Westminster, Md., rehired Marquette Associates as investment consultant for its $140 million Carroll County Pension Plan and its $50 million Carroll County Public Safety Pension Plan, according to an award notice posted on the Public Purchase procurement website.
The county issued an RFP in October due to the pending expiration of Marquette’s contract on Dec. 31, according to a Q&A accompanying the RFP documents. Other finalists were Bolton Partners, Dahab Associates and Quantum Financial Advisors.
As of June 30, the Carroll County Pension Plan’s actual allocation was 61.6% equities, 25.3% fixed income, 11.4% other assets (real estate and infrastructure), and 1.7% cash and cash equivalents.
Also as of June 30, the Carroll County Public Safety Pension Plan’s actual allocation was 43% equities, 27% fixed income, 6.3% other assets (one real estate investment trust portfolio), and 3.6% cash and cash equivalents. The remainder of the allocation couldn't immediately be learned.
Marquette Associates will also continue to provide services for the county’s $228 million retiree healthcare benefit trust and $12 million firefighters' length of service award program.
