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CapTrust tells Arapahoe County board that diversified asset mix and contributions are driving pension recovery
Summary
CapTrust presented the county retirement plan's asset strategy and recent performance, saying the fund has been deliberately diversified to meet a 7.25% assumed return while limiting downside risk; the plan generated a 9.7% return through Sept. 30 and has benefitted from higher county contributions.
Ben Colucci, retirement plan administrator for Arapahoe County, opened the session by asking investment consultants from CapTrust to review the retirement plan's assets and market outlook. Andy Bridal, an investment advisor with CapTrust, said the plan's long-term objective remains the same: to meet an assumed rate of return of 7 and a quarter percent while taking the lowest risk necessary. "Our goal and the approach of this board... is to do that in the most efficient, or lowest risk manner possible," Bridal said.
CapTrust described the portfolio as roughly 60% targeted to capital appreciation (growth-oriented public and private equities) and 40% to capital-preservation assets (fixed income and other ballast) to smooth volatility. Paul…
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