Stoneham (Mass.) Contributory Retirement System is searching for an investment consultant, said Karen DeAngelis, retirement administrator, in an email.
The $100 million pension fund issued an RFP because the contract of current consultant Fiduciary Investment Advisors is expiring in February 2020, Ms. DeAngelis said. The firm is invited to rebid.
As of Dec. 31, according to its most recently released annual report, the pension fund's actual allocation was 29.4% asset allocation balanced funds, 11.7% international equities, 11.2% fixed income, 10.9% real estate, 10.8% domestic equities, 9.9% high-yield fixed income, 8.8% hedge funds, 3.9% private equity, 1.7% emerging markets equities, 1.1% timber/natural resources, and the rest in cash/overlay and other.
The RFP can be obtained by emailing Ms. DeAngelis. Proposals are due at 4 p.m. EDT on Oct. 22. A timeline for a decision was not provided.