Searches and Hires

Baton Rouge/East Baton Rouge Employees selects Wilshire as investment consultant

Baton Rouge (La.) & Parish of East Baton Rouge Employees' Retirement System hired Wilshire Consulting as investment consultant, pending contract negotiations, said Jeffrey R. Yates, retirement administrator, in an email.

The $1.1 billion pension fund sent an invitation-only RFP to eight firms in November because of AndCo Consulting's purchase of the public pension fund business of Summit Strategies Group, the pension fund's incumbent consultant. AndCo, which has been interim consultant since the purchase closed in October, was a finalist along with Meketa Investment Group.

As of June 30, the most recent data available, the pension fund's actual allocation was 25.5% fixed income, 25.4% each domestic equities and international equities, 6.4% real estate, 5.1% risk parity, 4.8% hedge funds, 3.7% master limited partnerships, 3.6% private equity and 0.1% cash.

Governance consultant Cortex Applied Research assisted.