Benefits February 24, 2011
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.
Reported by Fred Schneyer
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.
You Might Also Like:
Public-Sector Pension Changes Create Residual Effects
Evidence mounts to show how cuts to public-employee pension benefits have reduced the ability of public-sector employers to compete with...
GASB Proposes Implementation Guide for OPEB Standards
The proposed Implementation Guide provides answers to questions intended to clarify, explain, or elaborate on the requirements of GASB Statement...
Most Public Pensions Received Insufficient Employer Contributions
An analysis covering the years 2006 through 2014 shows most of the 160 plans studied received insufficient employer contributions to...