Wayne County Employees' Retirement System, Detroit, is searching for an investment consultant.
The $1 billion pension fund issued an RFP due to its retirement commission's policy to put services up for bid every 10 years, said Robert J. Grden, executive director, in an email.
Current consultant AndCo Consulting is eligible to rebid, Mr. Grden said.
As of June 30, the actual allocation was 43% domestic equities, 16% fixed income, 14% global equity, 13% real estate, 10% alternatives and the rest in cash equivalents.
The RFP is available on the pension fund's website. Proposals are due at 3 p.m. EST on Feb. 21. A timeline for a selection has yet to be determined.
