By Staff

During an Apr. 21 board meeting, the Orange County Employees Retirement System announced it has officially launched a request for proposals for a company that can provide an investment risk management system to help manage investment risks.

The plan noted that six proposals for this project were received and are currently being
evaluated and that preliminary interviews were scheduled to occur mid-April.

OCERS also noted it launched an RFP for fiduciary counsel services early in March to replace the pension plan’s incumbent contract with Reed Smith, which is set to expire June 30, 2025. Five proposals were received that are currently being evaluated.

As of Dec. 31, 2024, OCERS’ portfolio had a market value of $24.3B, down from $24.5B at the end of the third quarter. The fund’s portfolio generated a quarterly return of -0.8% relative to the policy benchmark return of -0.5%, noting gains in Q4 were tempered in December by rising Treasury yields and concerns about inflationary pressures from anticipated fiscal policies.