CalPERS is searching for investment management consulting firms to participate in a new pool to provide specialty consulting services on an as-needed basis, said an RFP on the pension fund’s website.
Consulting firms would be selected for the following areas: global governance; total fund asset allocation; total fund risk management and risk budgeting; and investment business and operational consulting services.
The $295.7 billion California Public Employees’ Retirement System, Sacramento, also will select consultants for operational due diligence in various asset classes as well as general portfolio analysis, monitoring and research.
The terms of the contracts will be up to five years. Firms may submit proposals for more than one of the specialty areas.
Consulting firms must have at least three years’ investment management experience and must have institutional assets under advisement of at least $5 billion.
The RFP is available on CalPERS’ website; registration is required. Proposals are due at 3 p.m. PST on Jan. 20. A date for selecting finalists is not yet set.
Bids should be submitted to: Contracts Officer, California Public Employees’ Retirement System, Lincoln Plaza West, 400 Q St., Room W1570, Sacramento, CA 96811.