Searches and Hires

Texas Employees preps for 2 consultant searches

Texas Employees' Retirement System, Austin, will search for a hedge fund consultant and private equity consultant in the spring, said Betty Martin, director of investment services, in an email.

The $28.3 billion pension fund will issue RFPs "in the normal course of our procurement process," Ms. Martin said. The retirement system rebids opportunities every few years, she added.

Current hedge fund consultant Albourne Partners will be invited to rebid for that RFP, which will be posted on or after March 13.

The private equity consultant RFP will be posted on or after April 12. The current consultant is Pavilion Alternatives Group. Ms. Martin said the firm, which will become part of Mercer once its purchase of Pavilion Financial Corp. closes, will be invited to rebid.

A timeline for both searches is still being finalized, Ms. Martin said. The RFPs will be posted on the retirement system's website.