The retirement system has issued two RFPs in accordance with state regulatory requirements.
The plan named three finalists to replace its current international growth equity manager.
The plan is seeking a manager to handle a $6 million mandate.
The retirement board’s latest search is required by state statute.
The plan interviewed a total of five firms at today’s board meeting.
The plan also received a hedge fund search report that includes 22 responses.
The retirement system’s current provider was first hired in 2019 following a similar RFP process.
The plan also named finalists in its private markets consultant search.
The town last conducted a bundled provider search in 2017 on behalf of its deferred compensation plan.
The plan also concluded its emerging markets ex-China equity search at a meeting this week.