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The pension system will hear a recommendation to interview three finalists in an ongoing active core fixed-income manager search.
The plan now has two active managers in its global equity portfolio.
The managing director will focus primarily on Star Mountain Capital’s private credit secondaries business.
The plan will issue an RFP later this year due to statutory requirements.
The plan will also consider a $30 million re-up commitment with a real estate manager.
The town currently works with investment advisor Morgan Stanley Investment Management.
Western Asset Management had been on the plan’s watchlist since September.
He will retire from the plan at the end of the fiscal year after three decades of service.
The bill would raise the excise tax levied on annual private university endowment profits in line with the corporate tax rate of 21%.
A recent executive order directs federal agencies to launch civil investigations concerning DEI policies at private sector institutions, including large universities and foundations.