Orange County Employees Retirement System, Santa Ana, Calif., selected two finalists — Aksia and Laven Partners — in its search for operational due diligence service providers to serve on a situational basis, said Robert Kinsler, spokesman for the $12.6 billion pension fund, in an e-mail.
The pension fund launched an RFP in May. There is no incumbent.
The selected firm will conduct a detailed review of the “internal controls, investment operations, trading processes and controls, third-party service providers, personnel background checks, role of fund directors and regulatory reviews of selected investment managers,” according to the RFP. Finalist interviews could be as early as Aug. 24.
