Searches and Hires

Denver Employees picks Meketa as investment consultant

Denver Employees Retirement Plan hired Meketa Investment Group as investment consultant, said Randall Baum, chief investment officer, in an email.

The $2.2 billion pension fund conducted an invitation-only search earlier this year. Summit Strategies Group, the current consultant, was invited to rebid. Whether the firm did so could not be immediately learned.

As of Dec. 31, the actual allocation was 23.7% international equities, 21.8% domestic equities, 20.4% alternatives, 20.1% fixed income, 7.6% real estate, 4.5% absolute return, and 1.9% cash and short-term investments.

Mr. Baum could not be immediately reached to provide further information.