Santa Barbara County (Calif.) Employees' Retirement System hired Meketa Investment Group as general investment consultant, confirmed Eli Martinez, investment officer.
The $1.9 billion system issued an RFP in September because of the pending expiration of the contract of incumbent Pension Consulting Alliance. PCA was a finalist, along with NEPC and Wurts & Associates.
PCA's contract expired Dec. 31, and PCA received an extension pending the results of the finalist presentations.
Meketa Investment's contract start date is pending negotiations, according to Mr. Martinez.