Mobile (Ala.) Police and Firefighters Retirement Plan is searching for an investment consultant.
The $291 million pension fund issued an RFP due to the upcoming expiration of current consultant AndCo Consulting's contract, said Cody Scott, deputy director of pensions.
AndCo is invited to rebid, Mr. Scott said.
The pension fund's target allocation is 28% domestic large-cap equities, 25% domestic fixed income, 13% alternative investments, 10% international equities, 9.5% each domestic small-cap equities and domestic midcap equities, and 5% broad equity markets.
The RFP is available on the pension fund's website. Proposals are due Dec. 27. An award is expected on Feb. 22.