Roanoke (Va.) Pension Plan is searching for an investment consultant.
The $495 million pension fund is seeking proposals from firms that could provide independent advice regarding the structure of its investment management, including asset allocation, as well as performance evaluation of managers, according to an RFP on the city’s procurement website.
The RFP does not disclose whether the current consultant is eligible to rebid. As of June 30, the incumbent was Mariner Institutional, according to the pension fund’s most recent comprehensive annual financial report.
The pension fund’s target allocation is 48% domestic equities, 30% fixed income, 16% international equities and 6% real estate.
The RFP is available on the city’s procurement website. Registration is required. Proposals are due by 2 p.m. EDT on May 29.
Tiffany Gilbert, senior buyer for the city, could not be immediately reached for further information.
