Providence (R.I.) Board of Investment Commissioners is searching for an investment consultant for the $405 million Providence City Employees Retirement System.
The board is seeking proposals from firms that can provide ongoing services including performance measurement and advice regarding investment managers and the system's asset allocation, according to an RFP posted on the BidNet Direct procurement website.
Recent board minutes show the current consultant is Wainwright Investment Counsel. The RFP does not disclose whether the firm is eligible to rebid.
The RFP is available on BidNet Direct. Registration is required. Proposals are due at 2 p.m. EST on Nov. 20. An award is expected on or around Dec. 18.
Lawrence Mancini, the city's chief financial officer, could not be immediately reached for further information.