Portsmouth, R.I., is searching for an investment consultant for its $65 million pension fund.
The town is seeking a consultant to provide asset allocation and performance monitoring, investment policy recommendations and provide monthly financial reports, Lisa Lasky, the town’s director of finance, confirmed in an email.
Ms. Lasky would not provide the name of the current consultant, but said the firm is invited to rebid.
According to the pension fund's March 25 agenda, Symmetry Partners was the investment consultant at that time.
As of Dec. 31, the pension fund's actual allocation was 39.2% domestic equities, 30.7% fixed income, 13.3% international equities, 9.6% emerging markets equities, 5% real estate and 2.2% cash.
The RFP is available on procurement website BidNet Direct. Registration is required. Proposals are due at 2 p.m. EDT on June 21. A timeline for a selection was not provided.
