Searches and Hires

Mendocino County launches investment consultant search

Mendocino County Employees Retirement Association, Ukiah, Calif., issued an RFP for an investment consultant.

The search is being conducted because the $519 million pension plan's contract with its current consultant, Callan, is set to expire at the end of the year, said James Wilbanks, retirement administrator. Callan is expected to rebid.

The RFP is available on the plan's website. Proposals are due by noon PDT Sept. 28. A selection is expected to be made in November or December.

The plan's current target asset allocation is 29% international equity, 26.6% large-cap domestic equity, 22% fixed income, 11% real estate, and 5.7% each to small-cap and midcap domestic equities.