Orange County Employees Retirement System, Santa Ana, Calif., hired consultant DMG Maximus to assist in hiring a new administrator, said John M.W. Moorlach, county treasurer and investment board member. The $4.4 billion fund expects the full board will interview finalists, Mr. Moorlach said, adding that no timeline has been established.
Former administrator Ray Fleming left the fund in July. During the search process, the fund is being run by a four-person management team including Farouki Majeed, chief investment officer, and James Buck, COO.