Contra Costa County Employees’ Retirement Association, Concord, Calif., hired Wurts & Associates as investment consultant, said Timothy Price, chief investment officer, in an e-mail.
The $6.5 billion pension fund issued an RFP in September due to personnel changes at incumbent consultant Milliman, which has been the pension fund’s investment consultant for almost 30 years. Milliman rebid for the services. A memo on the CCCERA website says there were a series of departures at Milliman, which included the planned retirement of the pension fund’s longtime consultant Bob Helliesen.
Governance consultant Cortex Applied Research assisted.