Orange County Employees Retirement System, Santa Ana, Calif., hired Aksia as hedge fund consultant, pending successful contract negotiations, spokesman Robert Kinsler confirmed in an e-mail.
It's the first hedge fund consultant hired by the $8.9 billion system.
No RFP was issued. Four firms -- Aksia, Albourne America, Cliffwater and NEPC -- were invited to make presentations at the system's Sept. 28 meeting. The board voted to conduct due diligence on Aksia and Cliffwater.