Investors - MAY 10, 2016

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SBCERS hires RVK as general investment consultant

by Zoë Wolff

The $2.5 billion Santa Barbara County (Calif.) Employees’ Retirement System has selected RVK as its new general investment consultant, according to a statement.

The pension fund’s current investment consultant, Meketa Investment Group, is nearing the end of its contract. SBCERS issued an RFP in December to find a replacement.

“While the procurement resulted in a change, SBCERS has valued Meketa’s strong insights on financial markets and the commitment of its capable team throughout the engagement,” said Greg Levin, CEO of SBCERS, in a statement.

Meketa, NEPC and Verus Advisory were also finalists in the search. RVK’s new five-year contract will begin around July 1.  SBCERS has a 10 percent target allocation to real estate.

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