Employees Retirement System of Texas
, Austin, issued a request for qualifications for executive search firms to help the $22.4 billion system find external investment management personnel as well as internal information systems executives and other high-level or specialized positions, confirmed Mary Jane Wardlow, spokeswoman. Fund officials will pre-qualify firms to which it can assign searches as needed, according to the RFQ. Ms. Wardlow said the system does not have any immediate needs but wants to have firms "on standby" when a need arises. The RFQ is available on the system's website, http://esbd.tbpc.state.tx.us/1380/bid_show.cfm?bidid=63512
. Responses are due March 2.
James Newgard, executive director of the $1.6 billion Fort Worth (Texas) Employees' Retirement Fund, will leave at the end of this month, confirmed Wanda Valentine, assistant director. Ms. Valentine will be interim executive director. Mr. Newgard was not available for comment, but according to a news release, he "has accepted a pension investment position with a multinational corporation headquartered in Houston." Ms. Valentine was unable to provide additional details.
Rob Feckner was re-elected president of the $204.2 billion California Public Employees' Retirement System, Sacramento, on Thursday. Also re-elected was Robert F. Carlson, vice president.