San Francisco City & County Employees’ Retirement System hired NEPC as its general investment consultant, replacing Angeles Investment Advisors, which had held the contract for 20 years, spokesman Norm Nickens said.
NEPC is scheduled to start its three-year contract July 1, subject to contract negotiations.
Angeles was one of four finalists, along with NEPC, Wilshire Associates and Aon Hewitt Investment Consulting.
The agenda materials from Thursday’s board meeting do not detail why NEPC was selected.
The board of the $20 billion pension fund also committed $100 million to Niam Nordic VI, which will invest in real estate in the Nordic region.