Arapahoe County sticks with Ellwood as consultant

Arapahoe County Retirement Plan, Centennial, Colo., rehired Ellwood Associates as an investment consultant, said Lew Quigley, retirement plan administrator, in an email.

The $276 million pension fund issued an RFP in January for due diligence purposes.

In June, Ellwood acquired Watershed Investment Consultants, which had served as the pension fund’s investment consultant since 1998.

As of Aug. 31, the 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.