Rhode Island Public Transit Authority, Providence, is searching for an investment consultant for its $134 million defined benefit plan.
The authority is seeking a consultant to provide analysis and recommendations for the plan's asset allocation, ongoing investment monitoring and assist the authority in the search and hiring of money managers, according to an RFP posted on the state of Rhode Island's purchasing website.
Which firm, if any, currently provides the services and whether the firm is invited to rebid could not be immediately learned.
The RFP is available on the state's purchasing website. Proposals are due at 1 p.m. EST on March 2. A timeline for a selection was not provided.
Michael J. McGrane, contracts manager, could not be immediately reached for further information.
