Washtenaw County, Ann Arbor, Mich., rehired Graystone Consulting as investment consultant for the $305 million Washtenaw County Employees' Retirement System, said Angela O. Perry, purchasing manager.
The county issued an RFP in March for due diligence purposes, Ms. Perry said at the time. Graystone Consulting was the sole finalist, Ms. Perry said in an email Sept. 17.
As of Dec. 31, the most recent data available, the pension fund's actual allocation was 34.6% domestic large-cap equities, 23.9% international equities, 20.9% fixed income, 13.4% real estate, 5.3% domestic smidcap equities, and the rest in cash and equivalents.
Graystone will also continue to assist in the money management of the county's $162 million voluntary employees beneficiary association.