Kern County Employees’ Retirement Association, Bakersfield, Calif., plans to select finalists for a one or more emerging markets debt managers by Aug. 1, confirmed Anne Holdren, executive director of the $2.8 billion retirement association.
Retirement association officials have not determined how many managers will be hired.
Assets allocated to this new asset class, which was adopted last year, total about $110 million. No RFP was issued.
Finalists will be determined by Scott Whalen, executive vice president and senior consultant at Wurts & Associates, the retirement association’s investment consultant; and KCERA’s chief investment officer, Peter Tirp, Ms. Holdren wrote in an e-mail. Evaluation of the finalists is nearly complete, she wrote.
