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

Electronifie: Better Bond Trading

May 11 2016 | 3:03pm ET

Technology has revolutionized countless aspects of investing and trading, but the...

Lifestyle

From Modern Trader: Stephen Curry is a Black Swan

May 18 2016 | 7:43pm ET

What do the rise of the Internet, the sinking of the Titanic, 9/11, and Stephen...

Guest Contributor

LendingClub and the Question of Internal Hedge Funds

May 19 2016 | 8:42pm ET

Peer-to-peer lending platform LendingClub Corp. has been in the news since the firm...