Pennsylvania Municipal Retirement System, Harrisburg, is searching for an investment consultant and/or performance evaluation services for the $2.4 billion pension fund's asset classes.
The search is being conducted to comply with state law, said Steven Roth, chief investment officer at Dahab Associates, the pension fund’s current consultant. Dahab will be submitting a bid, Mr. Roth said.
The RFP is available on the state's procurement website. Proposals are due 3 p.m. EST Jan. 21. A selection date was not disclosed.
As of June 30, the pension fund's asset allocation was 25% domestic large-cap equities, 15% domestic small-cap equities, 15% international developed markets equities, 15% fixed income, 12.5% core real estate, 10% emerging markets equities and 7.5% timber.
Stephen W. Vaughn, pension fund secretary, could not be reached for additional information.
