US-based Pension Benefit Guaranty Corporation (PBGC) is seeking qualified firms to provide it with proposals for the provision of investment consulting services. The investment consultant is expected to serve as an investment advisor to the PBGC Corporate Investments Department (CID) staff. The successful candidate will support PBGC with asset allocation and asset/liability work, and provide advice and analysis related to its investment policy and investment structure.
PBGC is one of a number if institutional investors which have recently issued an RFP soliciting proposals from qualified firms for the provision of consulting services. In the real estate space the Massachusetts Pension Reserves Investment Management Board (MassPRIM) is soliciting proposals from firms interested in providing General Real Estate and Timber consulting services or Project Real Estate consulting services. It is looking to select one or more real estate and timber consultants. The real estate investor already has a consultant for such investments, Callan Associates, which will be allowed to rebid for the position. Responses are due by 18th May 2011 and the contract is expected to commence in August 2011.
In the infrastructure space, New Mexico Educational Retirement Board (NMERB) issued an RFP for a non-discretionary infrastructure consultant in early Q2 2011. The consultant is expected to assist NMERB investment staff in developing and updating goals, strategy, objectives and policies for its infrastructure platform. Similar to MassPRIM, NMERB has an incumbent for this position, Courtland Partners, which is free to rebid for the position. The term of the contract is expected to be for a period of four years, with the contract commencing in July 2011.