The plan also made private markets commitments totaling $15 million in January.
Empower Retirement currently serves as the plan’s record keeper.
Four total firms were considered in the investment consultant search.
The plan interviewed two finalists last month for a $46 million mandate.
The plan also hired an active domestic large-cap core equity manager at today’s board meeting.
The plan hired two firms after interviewing three finalists last month.
The plan hired two core real estate managers following finalist interviews yesterday.
The plan also adopted a new strategic asset allocation at its board meeting this week.
The town has three pension plans with $17 million in total assets.
The investment advisor will be response for more than $13 billion in assets.