CalSTRS Picks Alt. Consulting Finalists

May 1 2007 | 12:17pm ET

Two firms vying for the $162 billion California State Teachers' Retirement System’s alternatives investment consulting services contract have made it into the final round. The system will interview finalists Ennis Knupp and Pension Consulting Alliance at its May 3 meeting, according to an internal investment memo.

CalSTRS issued a request for proposals on Feb. 23 and received six bids by the final filing date, March 30. Five of the six proposals passed the preliminary review for compliance with minimum qualifications and requirements and proceeded to the evaluation phase of the process. “After accumulating all the scoring, two firms stood clearly at the top,” according to the memo. “There was a clear distance between these two leaders and third place, enough that only two were invited to make final presentations.”

CalSTRS’ current contract for alternative consulting services with McKinsey and Company expires on June 30, 2007.


In Depth

Virtu Celebrates Another Year Without a Single Day of Losses

Feb 26 2015 | 9:05am ET

High-frequency trading firm Virtu Financial Inc. reported another year without a...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk: How To Get In Front Of The Problem

Feb 26 2015 | 9:53am ET

In considering the topic of risk in the hedge fund world, specifically, the oversight...

 

Editor's Note