Austin Pension Selects Meketa as New Investment Consultant
The City of Austin Employees’ Retirement System announced the selection of Meketa Investment Group as the pension fund’s new investment consultant, following a request for proposal process that began in January.
Meketa will succeed RVK, the fund’s outgoing investment consultant. The contract period will last for an initial term of three years, which may be renewed for two additional two-year terms if COAERS and Meketa agree to extend, according to the RFP.
“We are delighted to partner with Meketa, whose reputation for excellence and as a leader in investment management will be instrumental in enhancing the continued growth of the COAERS fund,” said Christopher Hanson, executive director of COAERS, in a statement. “Their expertise will play a critical role in navigating the complexities of today’s financial markets and ensuring the best outcomes for our members.”
Meketa will provide investment consulting services, including performance evaluation and analysis, assisting in manager selection, assisting in developing investment policies and asset allocation structure and assisting the system in meeting long-term objectives.
COAERS provides retirement and other benefits for 20,000 public employees of Austin, Texas. As of March 31, the system had $3.357 billion in assets under management.
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