St. Paul (Minn.) Teachers’ Retirement Fund Association is searching for a general investment consultant.
The $1.3 billion pension fund issued an RFP because the contract for current consultant Asset Consulting Group will expire soon, said Phillip Tencick, the pension fund's executive director and chief investment officer.
The firm is invited to rebid, he said.
As of Sept. 30, the pension fund’s actual allocation was 58.5% equities, 20.8% fixed income, 12.2% private equity/alternatives, 5.5% real assets, 2.5% cash and equivalents, and 0.5% opportunistic investments.
The target allocation is 50% equities, 30% fixed income, and 10% each private equity/alternatives and real assets.
The RFP is available on the pension fund’s website. Proposals are due by Feb. 7. An award is expected on May 30.
