Investors - OCTOBER 5, 2016

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City of New Orleans searches for investment consultant

by Jody Barhanovich

The $340 million New Orleans City Employees’ Retirement System is searching for an investment consultant.

The pension fund issued an RFP due to new rules from the city’s office of supplier diversity, which suggested opening services up for bid following the first of two one-year renewal options with the funds current consultant, The Bogdahn Group.

The Bogdahn Group is invited to rebid.

The city will follow its Home Rule Charter guide, established by the mayor, for a “competitive selection procedure for the procurement and award of professional service contracts.” The RFP is available on the city’s website. The city will not accept proposals submitted by fax. Proposals are due at 4 p.m. CDT on Nov. 1. A timeline for a decision has yet to be determined.

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