Orange County Employees Retirement System, Santa Ana, Calif., later this week will reissue an RFP for a consultant to provide risk monitoring and risk management advisory services, according to a news release Tuesday from Robert Kinsler, pension fund spokesman.
The $9.5 billion pension fund originally issued the RFP in early 2011 and interviewed Albourne Partners, BlackRock, Hewitt EnnisKnupp and Holland Park Risk Management. All firms are invited to rebid as are general consultant NEPC, hedge fund consultant Aksia and real estate consultant R.V. Kuhns.
Risk management and mitigation was identified as one of the two priorities for the investments team during the 2013 budget workshop, according to the release.
“The field of portfolio risk management has evolved since our original RFP was released,” said Girard Miller, chief investment officer, in the release. “New ideas have developed at both the macro level and the way several competitors are now serving clients in the public funds space.”
The RFP will be available on the OCERS website. Interested firms can also e-mail Marisa Quintero, secretary of the pension fund board, at [email protected] on or after Thursday for the RFP. Proposals are due at noon PST Jan. 31. Finalist presentations and a selection are expected at the March 27 board meeting.
The release did not say why the original RFP was halted. Mr. Kinsler could not be reached for additional information by press time.
