The board of the $994 million Fulton County (Ga.) Employees Retirement System rejected all the bids it received in response to a consultant RFP issued earlier this year, said James W. Stephens, chairman. Some presented conflicts of interest, and others were not satisfactory, he said; he declined to elaborate.
The board came to an agreement with existing investment consultant Watson Wyatt for a new 12-month contract while it considers a new consultant RFP; the firm's contract was to expire Dec. 31. Mr. Stephens said the board has not determined a timeline for issuing a revised RFP.