Regional Transportation Authority, Chicago, is searching for an investment consultant for its $247 million pension fund.
The authority is seeking a consultant to provide ongoing advice and support regarding the plan's asset allocation, goals, objectives and policies, according to an RFP posted on its procurement website.
The current consultant is Meketa Investment Group. The RFP does not disclose whether the firm is invited to rebid.
According to the RFP, the pension fund's actual allocation is 18.9% domestic large-cap equities, 16.6% international developed markets equities, 13% investment-grade fixed income, 11% emerging markets equities, 10.1% real estate, 5.8% domestic midcap equities, 4.8% global multisector fixed income, 4.2% private equity, 3.8% domestic small-cap equities, 3.4% Treasury inflation-protected securities, 3.2% cash, 2.8% real assets and the rest in long-term government fixed income.
The RFP is available on RTA's procurement website. Proposals are due at 11 a.m. CST on Jan. 24. A timeline for a selection has yet to be determined.
Carrie McKay, procurement analyst, could not be immediately reached for further information.