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California-based pension searches for general consultant

by Jody Barhanovich

The $3.6 billion San Mateo County (Calif.) Employees Retirement Association is searching for a general investment consultant, according to the pension fund’s website. Interested firms must have been consultants for at least 10 years and have institutional clients with aggregate assets totaling at least $20 billion. At least two of those clients must be public pension funds, one of which must have assets in excess of $3 billion. The current consultant for the pension fund is Verus Advisory. Proposals are due Feb. 16. The pension fund expects to hear finalist presentations on May 23 and make a hiring selection at that time. The official contract is expected to start July 1. The full RFP can be found here.

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