St. Petersburg (Fla.) Police Officers' Pension Fund rehired Graystone Consulting as investment consultant, said Vicki A. Grant, the city's benefits manager.
The city of St. Petersburg issued an RFP in August for investment consultants for all three of its pension funds. In December, the $404 million St. Petersburg General Employees' Retirement System hired Segal Marco Advisors and the $214 million St. Petersburg Fire Pension Fund rehired incumbent Southeastern Advisory Services.
The $369 million police officers' pension fund's board also considered finalists AndCo Consulting and Investment Performance Services, Ms. Grant said.
As of Sept. 30, 2018, the most recent data available, the police officers pension fund's allocation was 71% equities, 15% alternatives and the rest in fixed income.
