Platte River Power Authority taps Innovest Portfolio Solutions as consultant

Platte River Power Authority, Fort Collins, Colo., hired Innovest Portfolio Solutions as investment consultant for its $72 million defined benefit plan, said Julie Depperman, treasury manager.

Innovest replaces Watershed Investment Consultants, which rebid, Ms. Depperman said in an e-mail.

An RFP was issued in July.

The pension fund has a target asset allocation of 30% domestic equity; 20% each fixed income and international equity; and 15% each real estate and hedge funds.