Arapahoe County Retirement launches consultant search

Arapahoe County Retirement Plan, Centennial, Colo., is searching for an investment consultant.

The search is being conducted for due diligence purposes, Lew Quigley, retirement plan administrator, previously told Pensions & Investments.

Current consultant Ellwood Associates is invited to rebid. In June, Ellwood acquired Watershed Investment Consultants, which had served as the pension fund’s investment consultant since 1998.

The RFP is available on the Rocky Moutain E-Purchasing System. Registration is required. Proposals are due by 2 p.m. MST on Feb. 2, with a hiring decision expected April 1.

As of Aug. 31, the $276 million pension fund had an asset allocation of 30.6% U.S. equities, 21.9% real estate, 19.4% non-U.S. equities, 15.3% fixed income, 10.7% hedge funds, 0.8% private equity and the remainder in cash.