West Hartford (Conn.) Pension Plan is searching for an investment consultant.
The $572 million pension fund issued an RFP due to the town's policy to put services up for bid once allowable contract extensions are expiring, said Peter Privitera, the town's chief financial officer, in an email. Current consultant Fiducient Advisors is eligible to rebid, Mr. Privitera said.
As of Jan. 31, the pension fund's actual allocation was 43.8% domestic equities, 28.2% fixed income, 23.3% international equities and 4.7% real estate.
The target allocation is 43.5% domestic equities, 30% fixed income, 21.5% international equities and 5% real estate.
The RFP is available on the town's procurement website. Registration is required. Proposals are due at 2 p.m. EDT on May 3. A timeline for a selection was not provided.