Marin County Employees' Retirement Association, San Rafael, Calif., may launch an RFP for an investment consultant in early December, according to a presentation in a board meeting held on Oct. 17.
The contract of the current investment consultant, Callan, will expire in October 2024, said Jeff Wickman, retirement administrator.
The RFP will be posted on MCERA's website.
MCERA originally hired Callan as an investment consultant in 2000, he noted. In 2014, MCERA issued an RFP for investment consulting and Callan was the successful respondent. If a new RFP is issued for investment consulting, Callan will be welcome to respond, Wickman stated.
The MCERA board will be discussing whether to move forward with an RFP at their November 1st meeting, he added. If there is a decision to move forward, a final date for issuing an RFP will be decided at that time.
MCERA has $3.1 billion in assets.