Texas Emergency Services Retirement System, Austin, is searching for an investment consultant.
The $134 million pension fund issued an RFP due to the pending expiration of current consultant AndCo Consulting's contract, said David Tropea, interim executive director. The firm is invited to rebid, Mr. Tropea said.
As of March 31, the pension fund's actual allocation was 21.8% core fixed income, 14% international developed markets, 12% domestic large-cap value equities, 11.1% domestic large-cap growth equities, 9.7% U.S. core real estate, 9% domestic smidcap equities, 8.7% non-core fixed income, 5.1% multiasset investments, 4.3% emerging markets equities, 3.9% global infrastructure and the rest in cash equivalents.
The RFP is available on the state's procurement website. Proposals are due at 2 p.m. CDT on Aug. 9. A selection is expected sometime in October.
