Washtenaw County, Ann Arbor, Mich., is searching for an investment consultant for the $305 million Washtenaw County Employees' Retirement System.
The county issued an RFP for due diligence purposes, said Angela O. Perry, purchasing manager. Current consultant Graystone Consulting is invited to rebid.
As of Dec. 31, the pension fund's actual allocation was 34.6% domestic large-cap equities, 23.9% international equities, 20.9% fixed income, 13.4% real estate, 5.3% domestic smidcap equities, and the rest in cash and equivalents.
The selected consultant would also assist in the money management of the county's $162 million Voluntary Employees Beneficiary Association.
The RFP is available on the county's website. Proposals are due at 4 p.m. EDT on April 8. A timeline for a selection was not provided.