Denver Employees Retirement Plan rehired Summit Strategies Group as investment consultant, said Steven Hutt, executive director.
Summit's contract expires Oct. 1, and the board decided to renew the contract for another five years rather than issuing an RFP, Mr. Hutt said.
Separately, the $2 billion pension fund approved redeeming a $12 million investment in the open-end J.P. Morgan Special Situations Property Fund. Mr. Hutt said the pension fund is overweight real estate and non-core real estate, and the redemption is not performance related.