South Carolina taps Meketa as new investment consultant

South Carolina Retirement System Investment Commission hired Meketa Investment Group as its new general investment consultant.

The decision was made during an executive session of the April 27 RSIC meeting, spokeswoman LaJoia Broughton confirmed in an email.

The commission manages the $29.7 billion South Carolina Retirement Systems. The RSIC and the pension fund system are both located in Columbia.

The commission issued an RFP in October because current consultant Aon Hewitt Investment Consulting's contract will expire Sept. 30. The incumbent firm was invited to rebid.

The RSIC is scheduled to hire the commission's first private markets consultant at its June 22-23 meeting.