US - The US$14.7bn San Francisco Employees Retirement System (SFERS) has tendered for investment risk management consulting services.
The fund said the consultant would need to educate the board and staff regarding types of risk, and help determine which risks should be monitored.
David Kushner, deputy director for Investments at SFERS, said the risk management consultant would be hired in addition to its general consultant, Angeles Investment Advisors.
Kushner added that Angeles was not asked to bid for the risk management RFP, nor were they prohibited from bidding.
"SFERS does not anticipate a response from Angeles," he said. "The risk management consultant is expected to work with the existing consulting relationships to assist SFERS in this project."
The deadline for submission of responses is October 13.
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