Sector Investment 24-Hour Briefing
×Last updated: March 14, 2026, 12:35 PM ET
Pension Fund Investment Consulting
California's MCERA issued an RFP seeking investment consulting services as the $30 billion public pension fund aims to optimize its $12 billion in external manager relationships. The request comes amid growing scrutiny of pension fund performance and increasing pressure to reduce fees while maintaining diversified exposure across public and private markets.
Infrastructure Investment Trends
Global infrastructure investment continues to accelerate as pension funds seek inflation-hedging assets, with MCERA's RFP reflecting broader industry shifts toward specialized consulting services. The pension fund's focus on optimizing external manager relationships aligns with a $500 billion wave of infrastructure capital deployment expected over the next three years, particularly in renewable energy and digital infrastructure sectors.