Florida's Orange County picks Dahab as investment consultant

Orange County Board of County Commissioners hired Dahab Associates as investment consultant for the $159 million Orange County Section 457 Deferred Compensation Plan and the $38 million Orange County Section 115 Retiree Health Care Trust, both of Orlando, Fla., said Mark Fostier, assistant county comptroller.

The hiring is pending contract execution.

The county board issued an RFP for an investment consultant in February because the contract of incumbent The Bogdahn Group expired May 31. Bogdahn was among six other firms to bid. The others were Segal Rogerscasey, Bolton Partners, FiduciaryFirst, Meketa Investment Group and PFM Asset Management.

The participant-directed 457 plan offers 30 investments options managed by Vanguard Group and seven managed by Dimensional Fund Advisors. The 115 trust, whose allocation the comptroller's office directs, is invested in Vanguard-managed domestic, international and bond index funds, Mr. Fostier said.

Dahab “will take a look at the portfolios and give us their thoughts on the direction we are going,” Mr. Fostier said. But the comptroller's office, which administers the plans, has no particular changes to managers or investment options in mind, he added.