New Hampshire Retirement System, Concord, rehired NEPC as general investment consultant, according to recently released draft minutes of the Aug. 14 board meeting.
The $5.7 billion pension fund issued an RFP in March.
The contract is for three years, starting Jan. 1, with two optional one-year extensions.
Separately, the pension fund reported a preliminary return of 0.7% for the fiscal year ended June 30 and an annualized 11.8% for the three-year period. The numbers will be finalized later this year after private equity and real estate returns are verified, according to a news release on the pension fund's website. Returns by asset class and benchmark comparisons are still being calculated.
“Last year, when the retirement system posted its best returns in 25 years, our message was the same: Year-to-year market fluctuations are going to occur; our focus is to meet or exceed the retirement system's assumed rate of return over the long term, while carefully managing the risk, return and liquidity of the portfolio,” said George Lagos, executive director, in the release.
Spokesman Marty Karlon was not available by press time for additional information.