FCERA Names Advisor Finalists
August 25, 2008
The Fresno County Employees' Retirement Association (FCERA) has narrowed the playing field in its search for a firm to help the plan oversee its $2.7 billion in investments, said Roberto Pena, administrator at the plan. Being considered for the mandate are Mercer, NEPC and incumbent Wurts & Associates.
“The board approved staff's recommendation to bring the three firms before the board for a presentation at the September 17th meeting at which time the Board will make a decision on the investment consultant RFP,” Pena said.
Talks of the search originally began in April, when Pena told IMW that the California plan was prepping an RFP for the search (See IMW, 4/7/08). At that time, he said the process was being initiated due to FCERA standards of conducting an investment consultant search every five years. Wurts was retained by the fund in 2002.
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