Investors - MAY 16, 2016

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CalPERS to select real estate consultant

by Zoë Wolff

The $284.7 billion California Public Employees’ Retirement System will select a new real estate investment consultant at today’s board meeting, according to a meeting agenda.

The pension fund issued an RFP in October 2015. In April, CalPERS selected Courtland Partners and incumbent Pension Consulting Alliance as finalists from a list of six proposals that met the pension fund’s qualifications.

The two finalists will have a 30-minute interview with the pension fund’s board worth a possible 700 points. Each firm’s respective score will be added to their current score in order to determine the new consultant.

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