Ventura County (Calif.) Employees' Retirement Association hired NEPC as investment consultant, confirmed Donald Kendig, retirement administrator.
The $3.6 billion pension fund issued an RFP in March. Cortex Applied Research assisted with the search.
Separately, the pension fund returned 13.2% for the fiscal year ended June 30, outperforming the policy benchmark of 12.4%. Domestic equity was the top performer at 21.5%, followed by global equity, 15.8%; international equity, 14.1%; real estate, 8.7%; private equity, 8.4%; domestic fixed income, 2.3%; and global fixed income, -1.6%.