St. Louis Public School Retirement System is searching for an investment consultant.
The $926 million pension fund is seeking a firm to provide general investment consulting services, which includes the monitoring and recommendation of changes in asset allocation and money management and quarterly reports to the board of trustees, said an RFP posted on the pension fund's website.
The RFP did not disclose whether current consultant NEPC is eligible to rebid.
The pension fund's target allocation is 49% equities; 24% fixed income; 7% each private equity and real estate; 5% each global asset allocation and hedge funds; and 3% private debt.
As of March 31, the actual allocation was 50.9% equities; 19.8% fixed income; 6% hedge funds; 5.7% real estate; 5.6% global asset allocation; 3.5% private equity; 3.3% private debt; 3% U.S. Treasury securities; and 2.2% cash.
The RFP is posted on the pension fund's website. Proposals are due on July 23. Finalist presentations are tentatively scheduled for the week of Oct. 4. A timeline for a selection was not provided.
Susan Kane, executive director, could not be immediately reached for further information.