Institution: City of Milwaukee Employees’ Retirement System
Headquarters: Milwaukee, United States
Allocation to alternatives: 25.38%
City of Milwaukee Employees’ Retirement System issued an RFP welcoming firms to submit proposals to become CMERS’ next investment consultant. The pension’s current investment consultant is Callan Associates.
Among the services that ERS will require of its new consultant are conducting asset/liability studies, searching, selecting and overseeing investment managers and other investment-related vendors, evaluating and reporting on performance, attending all investment committee meetings and educating the ERS Board and staff on issues related to investments.
As illustrated in the charts below, the $5.34 billion public pension allocates 25.38 percent of its investment portfolio to alternative assets. Mr. David Silber is the current Chief Investment Officer.
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