Santa Barbara Issues RFP For Alternatives Help

Apr 13 2007 | 11:15am ET

The $1.8 billion Santa Barbara County (Calif.) Employees’ Retirement System has issued a request for proposals for an investment consultant that will assist the board by advising on the overall management of the assets of the fund. The consultant will also advise on prospective alternative investment assets such as hedge funds and overlay strategies.

Santa Barbara currently allocates 5% to private equity and real estate/real return. The proposed contract is for three years, and the system’s current consultant, Pension Consulting Alliance, is also invited to bid for the RFP.

The deadline for the RFP, which can be found on the plan’s Web site, is May 18.

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