Pension and Post-Employment Trust Investment Consulting Services

The Metropolitan District in Hartford, Connecticut is seeking pension and post-employment trust investment consulting services. The agency needs a consultant to review and recommend changes to the district's pension and OPEB trust investment policies, focusing on asset allocation, investment returns, objectives, and guidelines for diversification, quality, and performance review. This initiative aims to ensure continuous monitoring and optimal management of the district's investment portfolios. The scope of work requires the selected consultant to prepare quarterly written performance reports for the pension fund on a total fund, individual portfolio, and individual manager basis. The consultant must meet with district staff and committees quarterly, with additional meetings scheduled on an as-needed basis. Responsibilities also include conducting one annual investment manager search for the pension plan if the district deems it necessary, preparing a monthly status and performance letter, continuously monitoring hired investment management organizations for personnel or organizational changes, and performing an annual fee analysis of investment managers. Only United States organizations are eligible to bid on this opportunity. The selected contractor will perform all work offsite. Bidders must submit their proposals digitally via email or through the designated online platform. The agency is currently looking for proposals to establish the budget for these services. The resulting contract will span a three-year period. Bidders must submit all questions regarding this opportunity no later than June 30, 2026.