Searches And Hires
Four total firms were considered in the investment consultant search.
The firm will provide pension administration and investment management services for the authority’s $5.2 million Money Purchase Pension Plan.
The plan interviewed two finalists last month for a $46 million mandate.
The city is considering consolidating its two deferred compensations plans into a single one.
The retirement system divvied up $12 million between two private equity co-investment funds-of-funds.
The plan also hired an active domestic large-cap core equity manager at today’s board meeting.
The plan hired two firms after interviewing three finalists last month.
The plan hired two core real estate managers following finalist interviews yesterday.
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.