New discretionary investment consulting hire follows a search from last year to reevaluate the foundation’s priorities after receiving a “transformational” gift.
The town appears to have restarted a search that first began last year.
Plan expects to conclude a search for general investment consulting services in September.
The city has issued an RFP seeking an investment consultant for its pension funds.
The plans’ incumbent was most recently rehired in 2017.
Plan retained its incumbent consultant over proposals from four other firms.
Contract renewal with incumbent investment consultant followed an annual review.
He will work on research projects, construct manager searches and interact with investment firms.
The plan followed its lead consultant to his new shop.
The city is searching for a consultant for its three pension funds with nearly $3 billion in assets.