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St. Joseph, Mo., signs Citizens Bank as police pension fund manager

by trusted insight posted 3years ago 1062 views
St. Joseph (Mo.) Police Pension Fund hired Citizens Bank & Trust as investment manager for the pension fund's $37 million in assets, said Kitty Karr, accountant for the city to Pensions & Investments

An RFP was issued in April; the city puts investment management services up for bid every five years. Current manager Meritage Portfolio Management was a finalist along with U.S. Bank.

The pension fund has an allocation of 65.5% equities and 34.5% fixed income.

No consultant assisted.

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