San Joaquin County Employees’ Retirement Association, Stockton, Calif., hired Pension Consulting Alliance as investment consultant, effective no later than April 1, said a news release from the $2.5 billion pension fund.
An RFP was issued in September because of the upcoming contract expiration of incumbent consultant Strategic Investment Solutions. SIS’ contract expires March 31. Annette St. Urbain, CEO of the pension fund, could not be reached for information on whether SIS rebid.
As of Dec. 31, the pension fund had an asset allocation of 22.6% domestic fixed income, 19.5% domestic equity, 17% international equity, 11.3% global opportunistic, 10.1% real estate, 9.6% risk parity, 4.4% real assets, 2.4% global equity and the remainder in cash.
