OCERS Puts Out Investment Consultant RFP

February 24, 2011 (PLANSPONSOR.com) – The Board of Retirement of the $8.7-billion Orange County Employees Retirement System (OCERS) has issued an RFP for a general investment consultant and specialist consultants in real estate, private equity, hedge fund, and risk disciplines.   

According to a news release, the RFP likewise contains a request for information for a risk product.

At the monthly Investment Committee meeting on Wednesday, the Board of Retirement approved the details in the RFP, noting that OCERS could hire more than one firm.  Firms can apply to one or more advisory services.  Proposals are due on April 1, 2011.

Callan Associates Inc. currently serves as OCERS’ general investment consultant, as well as the retirement system’s real estate consultant. The agreement between OCERS and Callan will expire on May 2, 2011.

The RFP is at http://www.ocers.org/rfp/requestforproposal.htm.