Searches And Hires
The treasurer’s office hired a firm to handle the inaugural investment within its infrastructure impact investment program after hiring an investment advisor to oversee the program earlier this year.
The town made an award in its search for an investment manager to oversee an educational fund after issuing an RFP in the fourth quarter due to the impending contract expiration of the incumbent provider.
The hire concludes the pension plan’s search for a core-plus fixed-income manager to handle between $130 million and $150 million.
The plan’s current manager was first hired in 2017.
The foundation has issued an RFP seeking an investment manager to advise on asset allocation and investment selection for standard due diligence purposes.
The college savings plan approved the search last week and expects to issue an open-invitation RFP next month.
The plan will fund the new active manager from its index allocation.
The fund approved restructuring its real estate portfolio in favor of a core-satellite portfolio with a core mandate and two to three satellite managers and also added two 130/30 managers to create a market cap and style neutral portfolio structure.
The pension plan recently committed $275 million total to two funds and terminated existing convertibles and real estate debt strategies.
The retirement system will interview three firms for a $20 million mandate.