San Diego County Employees Retirement Association has launched an RFP for an actuarial firm.
The $9.62 billion pension fund's contract with current actuary The Segal Co. is set to expire May 31, according to materials presented to the board at its Feb. 20 meeting.
Each firm is being asked to submit a “not to exceed” price for the actuarial services, as well as the hourly rates for actuary staff for the time and material consulting portion of the contract, according to a memo to the board from Mark Mimnaugh, chief operating officer.
The RFP is on the SDCERA website. Responses are due March 21, with a selection expected by May 1.
Separately, SDCERA expects to commit about $250 million per year to real assets and $50 million to $350 million per year to private equity, according to memos to the board for the Feb. 20 meeting from real asset and private equity consultant Albourne Partners.
Also, SDCERA invested $45 million with hedge fund D.E. Shaw Alkali International Fund II.