Mendocino County Employees' Retirement Association, Ukiah, Calif., will issue an RFP for an investment consultant in June 2018.
The contract of current consultant Callan Associates expires at the end of 2016. The $444 million pension fund board voted to extend Callan’s contract for another two years and issue an RFP in June of 2018, according to a video recording of Wednesday’s board meeting.
The RFP will be posted on the pension fund’s website.
It is expected that Callan will be invited to rebid in 2018, a pension fund official said on Friday.
The pension fund has a target asset allocation of 38% U.S. equity, 29% non-U.S. equity, 22% U.S. fixed income and 11% real estate.