New Orleans City system on track to retain AndCo Consulting

New Orleans City Employees' Retirement System will likely rehire AndCo Consulting as investment consultant, said Jesse Evans Jr., director, in an email.

The $340 million pension fund's selection committee voted to recommend the rehiring at a meeting Wednesday. The board is expected to approve the selection at its March 15 meeting.

The pension fund issued an RFP in October due to new rules from the city's office of supplier diversity, which suggested putting services up for bid following the first of two one-year renewal options with AndCo, which was The Bogdahn Group at the time.

Other finalists are Callan Associates, Consequent Capital Management, Dahab Associates and PFM Asset Management.