The $72 billion Ohio Public Employees’ Retirement System (OPERS) has issued a request for proposal for strategic general investment consulting services to replace the system’s current consultant Mercer. Late last year, Mercer announced that it is discontinuing its work with US public pension systems.
Trustees were told that Mercer, after working with the pension since 2007, would stop its association with OPERS no later than 31 March. Any consultant hired would not overlap the work done by the pension funds’ due diligence-level consultants.
The scope of a new consultant’s work includes asset allocation and liability studies, investment policy, performance