Fresno County (Calif.) Employees' Retirement Association issued an RFP for its first retirement investment officer, said Donald Kendig, retirement plan administrator, in an email.
The retirement investment officer would be responsible for making sure that the investment strategies of the $4.7 billion pension fund are implemented and that they all follow the association's investment policy statement and target allocation requirements under California's government code, according to the RFP. The selected candidate will also work with the retirement board, retirement administrator, the pension fund's independent investment consultants and investment counsel on all investment governance, oversight and performance matters, the RFP said.
The search is being conducted because the board wants better internal investment coverage and oversight on the investments. The RFP is available from Mr. Kendig via email. Proposals are due at 4 p.m. PDT April 23. Mr. Kendig said he hopes to make a selection no later than July.
