El Paso County Pension System, Colorado Springs, Colo., will begin a shortlist search in January for an absolute-return fixed-income manager, said David Klemmer, plan administrator. The size of the portfolio and funding source have not been determined. Investment consultant Summit Strategies will assist.
Additionally, the $230 million plan renewed the contracts of actuary Buck Consultants and auditor Stockman Kast Ryan for three years each, Mr. Klemmer said. Both contracts were set to expire at the end of the year. No searches were conducted.