Orlando, Fla., rehired NEPC as investment consultant for its three pension funds, pending contract negotiations.
The city issued an RFP in August due to the pending expiration of NEPC's contract. There were no other finalists, said Michele Keane, the city's pension coordinator.
The target allocations of the general employees, firefighters and police pension funds are the same: 26% core fixed income, 21% domestic large-cap equities, 15% international equities, 10% global asset allocation, 8% domestic smidcap equities, 5% each hedge funds of funds and real estate, 4% high-yield fixed income, and 3% each global fixed income and Treasury inflation-protected securities.
The three funds have a combined $1.3 billion in assets.