Home Banking & Finance Aon Hewitt replaced by Massachusetts firm as CRPTF investment consultant

Aon Hewitt replaced by Massachusetts firm as CRPTF investment consultant

Westwood, Mass.-based Meketa Investment Group will take over duties in July.

Connecticut State Treasurer Denise L. Nappier announced that Norwalk-based Aon Hewitt Investment Consulting has been replaced as the general investment consultant for the $31.5 billion Connecticut Retirement Plans and Trust Funds (CRPTF) by Westwood, Massachusetts-based Meketa Investment Group.

Denise Nappier

According to a statement issued by Nappier’s office, Meketa was “chosen from a pool of firms that responded to a request for proposals” and will begin advising the CRPTF in July. Aon Hewitt, which had been the CRPTF’s general investment consultant since 2011, will continue as the investment consultant for the Connecticut Higher Education Trust, the state’s 529 College Savings Plan.

“I commend Aon Hewitt for its expertise and the care in which it conducts business,” Nappier said. “The firm’s contributions have indeed furthered the soundness of our overall investment portfolio, and I am pleased that it will continue its association with the treasury. Now is the right time for a change as we re-examine our strategic asset allocation. Meketa is well poised to carry out the CRPTF’s mandates from a fresh perspective – an important attribute to investing prudently and continuing our strong investment returns going forward.”

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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