San Diego County, California, Pension Fund Eyes Novel Plan for Management

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San Diego County, California, Pension Fund Eyes Novel Plan for Management
The San Diego Union-Tribune

Mar. 18, 2010

Excerpt: [T]he county's retirement system has been unable to lure top investment executives in three recent searches because of salaries capped by county ordinance. Its solution? To outsource its investment management, and potentially shift its existing eight-member financial staff, to a contractor. Proponents of the arrangement, which retirement board members will be discussing today, say its adoption would be a first for any county in the state.

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