Colorado Public Employees Retirement Association, Denver, hired Aksia as its first hedge fund consultant, Katie Kaufmanis, spokeswoman, said in an e-mail.
An RFP was issued in February.
Ms. Kaufmanis said Askia’s “research, extensive industry experience, transparency and independence” were among the reasons for selecting the firm.
The $45.3 billion pension plan does not currently have any hedge investments, and no decision has been made to invest in them, wrote Ms. Kaufmanis. There were three other finalists that Ms. Kaufmanis declined to name.
