Educational Employees Supplementary Retirement System of Fairfax County, Fairfax, Va., hired New England Pension Consultants as its investment consultant, replacing Mercer Investment Consulting, said Alan Belstock, executive director of the $1.9 billion fund. Mercer had rebid. In the end, the board preferred New England Pension Consultants based on the structure of the firm, which is exclusively focused on pension consulting, Mr. Belstock said. NEPC will conduct an asset/liability study of the system later this year, he said.
The fund issued an RFP last summer.