Searches And Hires
The fund will conduct a search for investment consultants next year after extending the contracts of its incumbent providers at its March board meeting.
The retirement system made two private equity commitments with existing manager relationships earlier this month.
The pension fund hired a new consultant last month after finalist interviews held in January.
The switch was made after a change in the incumbent firm’s ownership.
The plan will see its overall private markets target increase to 40% from 33%.
The new outsourced cio will handle the town’s pension and OPEB trust.
The deferred compensation plan will consider replacing its domestic core-plus fixed-income manager this week due to underperformance.
The search is being conducted as part of a previously approved investment consultant strategy.
The manager will handle a portion of the county’s $600 million portfolio.
The plan expects to commit a total of $75 million to the two strategies.