Contra Costa Water District Retirement Plan, Concord, Calif., hired Wells Fargo to provide outsourced CIO services, said Douglas Anderson, procurement officer.
The $153 million pension fund issued an RFP in April because of its policy to put the services up for bid every five years. Buck Consultants, the incumbent consultant, rebid for the services and was one of the finalists along with PFM Asset Management and VangVanguard Groupd Vanguard Group.