Smithfield, R.I., is searching for an investment consultant for its $27 million Fire Pension Fund and $10 million Police Pension Fund.
According to an RFP posted on the town's procurement website, the town is seeking a consultant to develop an investment policy statement, recommend investment manager hires and terminations, and monitor the pension funds' investment management as a whole.
Whether a firm now provides these services and is invited to rebid could not be immediately learned.
The RFP is available on the town's procurement website. Registration is required. Proposals are due at 10 a.m. EDT on Sept. 12. A timeline for a decision was not provided.
Third-party administrator The Angell Pension Group is assisting.
Kevin Brown, director of compliance at Angell, was not available to provide further information by press time.