SBCERS hires RVK as general investment consultant
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.