San Francisco City & County Employees' Retirement System will begin a search for an investment consultant in early July, a spokeswoman said in an email.
The $25.4 billion pension fund's board at its meeting Wednesday approved issuing an RFP in early July for an investment consultant due to the impending expiration of current consultant NEPC's contract on Dec. 31.
NEPC will be invited to rebid.
As of April 30, the pension fund's actual allocation was: 34.8% public equities, 20.1% private equity, 16.1% real assets, 12.8% absolute return, 11% fixed income, 2.7% cash and 2.5% private credit.
The RFP will be posted on SFERS' website. The timetable for a due date and decision has yet to be determined.