El Paso County Retirement Plan, Colorado Springs, Colo., hired Wilshire Consulting at its outsourced chief investment officer, confirmed Thomas Pfeifle, executive director of the $360 million pension system.
Wilshire, the county plan's first OCIO, will replace non-discretionary investment consultant Ellwood Associates effective Feb. 28. Ellwood Associates submitted a bid.
The RFP was issued in September because the retirement board requested the county put a bid out for investment advisory services that were more discretionary in nature.
BlackRock, Cambridge Associates, Russell Investments and SEI Investments were the other finalists.