Arapahoe County Retirement Plan, Centennial, Colo., plans to issue an RFP for an investment consultant on Jan. 5, said Lew Quigley, retirement plan administrator, in an e-mail.
The search is being conducted for due diligence purposes. Current consultant Ellwood Associates is invited to rebid. Ellwood acquired Watershed Investment Consultants in June. Watershed had served as the pension fund’s investment consultant since 1998.
The RFP will be available on the Rocky Mountain E-Purchasing System website. Proposals will be due by 2 p.m. MST on Feb. 2, with an hiring decision expected on April 1.
As of Aug. 31, the $275.6 million pension fund had an asset allocation of 30.6% U.S. equities, 21.9% real estate, 19.4% non-U.S. equities, 15.3% fixed income, 10.7% hedge funds, 0.8% private equity and the remainder in cash.