San Mateo County issues call for investment consultant

San Mateo County Employees’ Retirement Association, Redwood City, Calif., is searching for a general investment consultant.

The current consultant is Verus Advisory. It could not be learned by press time if it can rebid.

Interested firms must have been consultants for at least 10 years and have institutional clients with aggregate assets totaling at least $20 billion. At least two of those clients must be public pension funds, one of which must have assets in excess of $3 billion.

The RFP is available on the $3.6 billion pension fund’s website. Proposals are due by 5 p.m. PST Feb. 16. The board expects to hear finalist presentations May 23 and make a hiring selection at that time.

The contract is expected to start July 1.

Pension fund officials could not be reached by press time for additional information.