Pension funds issue RFPs, hire consultants
A number of U.S. public pension funds have made decisions regarding their real estate and investment consultants.
In hiring news, the Alameda County (Calif.) Employees’ Retirement Association has hired Callan Associates as its real estate consultant, according to Agnes Macadangdang, administrative specialist in the fund’s investments department. The $6.8 billion pension fund issued an RFP for a real estate investment consultant in September 2014 after the incumbent consultant, The Townsend Group, gave a notice of voluntary termination in August 2014. Other finalists included Townsend and Courtland Partners.
Additionally, the City of Cincinnati Retirement System has rehired Marquette Associates as its general investment consultant, according to Don Beresford, finance manager for CRS. The $2.3 billion pension fund issued an RFP in November; Marquette Associates’ current contract will expire in December 2015. Callan, Dahab Associates, Meketa Invest