Treasurer Loftis issues statement on new pension fund consultants

Friday, September 21, 2012

(Columbia, SC) – Late Thursday afternoon, the South Carolina Investment Commission voted unanimously to approve a new pension consultant for the state’s $25 billion pension fund.
South Carolina State Treasurer and Investment Commission member Curtis Loftis issued the following statement regarding the new contract.

“I look forward to working with our new pension consultant, Hewitt EnnisKnupp, in our efforts to enhance transparency and accountability in South Carolina’s $25 billion pension fund. HEK will bring a fresh perspective that will assist us in increasing investment returns while lowering investment fees and expenses. I thank our previous consultants, NEPC for their diligent work over the past six years.”

Hewitt EnnisKnupp is slated to begin consulting the fund effective October 1, 2012.

Treasurer Loftis and his team are working hard creating the most transparent, accountable and efficient Treasurer’s office in the nation. Please visit www.treasurer.sc.gov for more on the functions of the Treasurer’s Office.

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Karen Owens
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