Updated Aug. 7, 2012
San Diego County Employees Retirement Association issued an RFP for a portfolio strategist, Dan Flores, spokesman for the $8.6 billion retirement system, said in an e-mail.
The portfolio strategist duties includes making asset allocation recommendations to the board, implementing the strategic asset allocations approved by the board, overseeing the investment program and executing the fund's public markets program.
Firms with proprietary investment strategies are invited to bid, Steven Voss, principal at Hewitt EnnisKnupp, the retirement system's investment consultant, said in a July 19 presentation to the board. Firms that do not offer proprietary investment strategies are also invited to bid.
The contract of incumbent Salient Partners expires Dec. 31; Salient will be invited to rebid.
“While the Board of Retirement is pleased with the fund's investment results, SDCERA believes it is best practice to review the marketplace for the services being provided,” said to a written statement from SDCERA. “All qualified companies are welcome to bid on the RFP.”
The RFP is on the fund's website. RFP responses are due at 3 p.m. PDT Aug. 24; a selection is expected around Oct. 15.