San Jose Issues RFP For Investment Consultant

Apr 9 2007 | 12:18pm ET

The $2.6 billion San Jose (Calif.) Police and Fire Retirement Plan has issued a request for proposals seeking an investment consultant. Candidates would be required to perform private equity consulting, among other duties.

Currently, the plan employs 22 investment managers, including 13 equity managers with 14 portfolios (nine domestic, three international equity and two commingled emerging-markets equity portfolios); three fixed income managers (two domestic core plus and one long bond portfolio); two real estate advisors and one real estate commingled fund; and three fund-of-funds private market equity managers with four portfolios.

The plan, which returned 15.4% last year, is targeting a 5% allocation to private equity. 

The length of the contract, which is projected to start on Jan. 1, is expected to be three years with the potential for extension. The deadline for the RFP, which is available on the plan’s Web site, is May 8.


In Depth

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note