Searches And Hires
The city is seeking investment advisory services for its roughly $2 billion in combined cash and investment portfolio.
The town is searching for a consultant on behalf of its 457(b), retirement health savings and 401(k) plans.
The plan selected the managers at a meeting today following RFPs issued in April.
The plan is seeking firms to handle a roughly $72 million allocation.
The plan added a follow-on private equity commitment at a board meeting last week.
The firm will manage a hard currency mandate for the plan following the issuance of an RFP in the second quarter.
The retirement system approved a new bundled provider/record keeper following diligence and presentations from three finalists.
The fund anticipates hearing recommendations to add new multi-strategy hedge fund managers as well as introduce long-short active management in the international equity portfolio at its board meeting today.
The search is being conducted as part of best practice purposes.
The retirement fund began a search in June due to contract expiration of its incumbent consultant.
