San Diego County Employees Retirement Association named three finalists in its search for a general investment consultant.
The $17.7 billion pension fund named current consultant Aon Investments USA, RVK and Verus Advisory as the finalists at its Feb. 20 meeting, a webcast of the meeting showed.
The pension fund issued an RFP in November due to the board policy of putting services up for bid every five years, said Mary Ball, chief of operations, at the time.
Finalist presentations will take place at SDCERA’s March 20 board meeting, with a selection expected to follow at a special meeting on a date yet to be scheduled shortly thereafter.
As of June 30, the actual allocation was 26.2% domestic equities, 22.6% risk-reducing fixed income, 12.2% international equities, 8% risk-seeking fixed income, 7.3% each global equity and real estate, 6.6% opportunistic investments, 4.9% emerging markets equities, 2.1% private equity, 1.6% private real assets and the rest in private debt.
The target allocation is 25% domestic equities; 19% risk-reducing fixed income; 12% international equities; 10% real estate; 8% global equity; 6% each return-seeking fixed income, opportunistic investments and private equity; 5% emerging markets equity; and 3% private debt.
