Daily Feed
The plan hired two core real estate managers following finalist interviews yesterday.
The plan will interview four emerging markets equity finalists next week.
The plan rehired its general investment consultant and hired a new firm for a separate specialty consultant services mandate.
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 retirement system approved a private equity fund-of-funds commitment to an existing manager relationship at yesterday’s board meeting.
Incumbent RVK will see its contract expire on Dec. 31.
Rodney Zemmel has joined Blackstone as global head of portfolio operations.
Andrew Hoffmann has joined the retirement systems as an investment director.
The fund will consider committing additional capital to two recently-hired managers within its portfolio at a special board meeting on March 5 after its original meeting on Feb. 19 was cancelled due to a winter storm.