Denver Employees Retirement Plan will conduct an invitation-only search for an investment consultant in 2023.
The $2.3 billion pension fund will issue an invitation-only RFP to “ensure we are receiving good value and are informed of marketplace offerings,” said Randall Baum, chief investment officer, in an email.
Current consultant Meketa Investment Group will be eligible to rebid for the services, Mr. Baum said. The pension fund hopes to complete the search process by the end of the third quarter, he said.
DERP’s target allocation was 44% public equities, 25.5% fixed income, 12.5% alternatives, 10% real estate, 5% absolute return and 3% infrastructure as of Dec. 31, 2021, according to its most recent comprehensive annual financial report.