San Francisco City & County Employees' Retirement System rehired NEPC as general investment consultant.
The $26.7 billion pension fund issued an RFP in July due to the expiration of NEPC's contract Dec. 31.
SFERS' board approved the investment committee's recommendation to rehire NEPC at its Nov. 13 meeting, said Darlene Armanino, executive assistant and board secretary, in an email.
Meketa Investment Group was the other finalist.
As of Oct. 31, the pension fund's actual allocation was 34.2% public equities, 20.9% private equity, 16.7% real assets, 13.4% absolute return, 9.4% fixed income, 3.8% private credit, 1.2% cash ex-overlay and 0.4% cash overlay.