The $1.2 billion Stanislaus County Employees' Retirement Association has renewed its contract with Strategic Investment Solutions (SIS) for a further three years. The existing contract for investment consultant and performance evaluating services is due to expire on June 30th, 2010, and the new contract will run from July 1st, 2010 through to June 30th, 2013.
Since July 2007, SIS has provided services including objective evaluation of the investment performance of STANCERA’s investment managers, compliance monitoring of its manager portfolios and consulting advice and education on issues of interest to STANCERA. No changes were made to the contract other than the service period and a slight increase in SIS’s fees. The primary consultants for STANCERA will be vice presidents Paul Harte and Harshal Shah.
STANCERA is an investor in the real estate asset class. It has a 1.5% target allocation to real estate, and currently has 1.3% of its portfolio invested in the asset class. The pension fund’s entire real estate portfolio is committed to listed global REITs managed by Invesco Real Estate.
SIS, based in San Francisco, provides investment consulting services to clients such as public and corporate retirement plans, wealthy families, and educational, religious and charitable endowments and foundations. It provides general, private equity and hedge fund consulting services to its clients. The firm does not consult on real estate and does not source single-strategy hedge funds for its clients.
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