Missouri Department of Transportation and Highway Patrol Employees' Retirement System, Jefferson City, rehired NEPC as general investment consultant.
The $3.1 billion pension fund's board approved rehiring the firm at its Nov. 18 board meeting, according to a summary of the meeting posted on its website.
The pension fund had issued an RFP in July. The other two finalists were Marquette Associates and Verus Advisory, Larry Krummen, chief investment officer, said in an email.
As of Sept. 30, the pension fund's actual allocation was 27.4% global equity, 15.5% fixed income, 15.2% private equity, 11.5% real assets, 10.6% opportunistic debt, 7.6% each hedged equity and real estate, and 4.6% cash.
