Philadelphia Board of Pensions and Retirement is searching for an investment consultant, confirmed Christopher R. DiFusco, chief investment officer for the $5.8 billion pension fund, in an email.
The search is being conducted to comply with city ordinance, which requires that contracts be put out to bid every four years. Marquette Associates is the pension fund's current general investment consultant and is invited to rebid.
As of Dec. 31, the pension fund had an asset allocation of 30.8% domestic equities, 23.8% international equities; 17% real assets, 16.6% fixed income, 8.4% private equity and debt, 2.8% other and the rest in hedge funds.
The RFP is available on Philadelphia's procurement website. Registration is required. Proposals are due by 5 p.m. EST on March 6. A selection date was not disclosed.
