Orange County Employees Retirement System, Santa Ana, Calif., hired NEPC as the $9.3 billion system's general investment consultant, subject to contract negotiations, according to Robert Kinsler, spokesman.
NEPC replaces Callan Associates, whose contract expired May 2.
“NEPC shares OCERS' vision of a risk-focused framework for managing the plan's investment portfolio and can offer customized solutions to meet our needs and objectives," stated Jennifer Hom, OCERS' managing director of investments, in a written statement.
The selection was made by the investment committee at its meeting Wednesday. An RFP was issued Feb. 24.