Tacoma (Wash.) Employees' Retirement System is searching for an investment consultant, said Tim Allen, retirement director and chief investment officer.
The $2.1 billion pension fund has issued an RFP due to the upcoming expiration of current consultant Wilshire's contract in March, Mr. Allen said. The firm is eligible to rebid.
As of Sept. 30, the pension fund's actual allocation was 37.2% global equities, 16.3% core/core-plus fixed income, 13.4% private equity, 5.8% high yield, 5.2% private core real estate. 4.8% emerging markets debt, 4% U.S. real estate investment trusts, 3% each bank loans and master limited partnerships, 2.6% private real assets, 2.5% Treasury inflation-protected securities, 1.6% long U.S. government fixed income and 0.6% cash.
The RFP is posted on the city's procurement website. Proposals are due at 11 a.m. PST on Jan. 11. A selection will be made in February.