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The plan is seeking managers to handle a total of $5.9 billion.
The firm appointed the former head of the Northeast and Midwest endowment & foundation practice at a consultant firm.
The retirement fund will shift the $200 million mandate to a passive account at least initially.
The town is seeking a firm or firms to provide investment advisory services for its investment portfolio, which is currently managed by staff.
The retirement system replaced its Standard & Poor’s 500 Index Fund manager to cut costs in July.
The plan also made two private markets commitments today.
The head of investor relations will oversee the firm’s capital formation, fundraising and investor engagement initiatives.
The consulting firm is conducting the search on behalf of a public fund client.
The new hire spearheads capital formation efforts across the eastern region of the U.S. and Canada in her new role.
The city is seeking investment management and advisory services for its approximately $139 million investment portfolio.