San Diego City Employees’ Retirement System launched an RFP for a general investment consultant on Monday, Christina DiLeva, spokeswoman for the $6.6 billion pension fund, said.
Hewitt EnnisKnupp has been the consultant for four years, and it is the pension fund’s standard procedure to launch a vendor search every five years, Ms. DiLeva said. Hewitt EnnisKnupp may rebid.
Responses are due Oct. 10. A selection is expected at the pension fund’s March 13 administrative board meeting.
The RFP is located on the SDCERS website.
Separately, SDCERS on Tuesday announced a revised preliminary net return 17.3% for the fiscal year ended June 30. The initial preliminary return released in August of 16.6% was changed after further review by Hewitt EnnisKnupp.
Returns were largely driven by strong performance from U.S. and international equities. San Diego has target allocations of 30.5% to domestic stock and 19% to international stock. The returns do not yet include final results for private equity and real estate.
