Investors - OCTOBER 3, 2016

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City of Austin searches for investment consultant

by Jody Barhanovich

The $2.2 billion City of Austin Employees’ Retirement System is searching for an investment consultant.

Summit Strategies Group has been the pension fund’s investment consultant since 1999 and is invited to rebid.

The RFP is available on the pension fund’s website. Proposals are due Dec. 6, and a hiring decision is anticipated by July 1, 2017.

The pension fund has a target allocation to real estate of 5.5 percent.

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