Maryland-National Capital Park and Planning Commission Employees' Retirement System, Riverdale, Md., hired Meketa Investment Group as its investment consultant.
The $1.1 billion pension fund’s board approved the hiring at its May 5 meeting, recently released meeting minutes showed
The pension fund issued an RFP in January. Incumbent consultant Wilshire Advisors was a finalist along with Marquette Associates.
As of Sept. 30, the pension fund’s actual allocation was 37.5% fixed income, 16.1% private real assets, 14.3% domestic equities, 10.8% private equity, 8.5% international equities, 8.4% global minimum volatility, 2.9% cash and 1.5% public real assets.
