Arapahoe County, Littleton, Colo., might add a new small-cap to midcap equity allocation next year, said Bernie Ciazza, pension board chairman and county treasurer. Officials for the $145 million pension fund will decide after a manager review and asset allocation study planned for January. Watershed Investment Consultants will assist.
The plan's asset allocation is 39% domestic large-cap equity, 30% fixed income, 13% international equity, 12% domestic small-cap equity and 6% real estate.
