The $42.9 billion Iowa Public Employees’ Retirement System (IPERS) investment board has selected Wilshire to continue as the plan’s investment consultant.
In April, IPERS issued an RFP to select a firm to provide investment consulting services. IPERS received seven proposals and selected four finalists. Wilshire, which has served as IPERS’ investment consultant since 1984, was chosen to retain the role.
IPERS and Wilshire will now begin negotiations on a six-year contract that is expected to begin on Oct. 1.
IREI also understands that IPERS has recorded a 29.6 percent net return for the fiscal year ending June 30.
