The plan adopted a new target asset allocation that makes minor adjustments to its current policy at today’s board meeting.
The city is seeking services for its $450 million in operating and capital funds.
The town approved the search in May to “see what else is out there” after hiring its incumbent firm in 2014.
The plan’s board also voted to place a domestic large-cap value manager on watch.
Audax Private Debt has closed its third direct lending fund, representing the largest in the firm’s history.
The partnership matches the firms’ expertise in fixed-income, inflation-sensitive and small-cap equity strategies.
The search is due to the contract expiration of its incumbent investment consultant.
Mario Giannini, executive co-chair of private markets firm Hamilton Lane, will retire next year.
The agencies have issued an RFP seeking investment advisory services for a combined portfolio valued at approximately $1.8 billion.
The retirement system also voted to recommend the liquidation of an international small-cap equity manager at today’s investment committee meeting.