Searches And Hires
The retirement system considered approving its general investment consultant RFP at Friday’s board meeting.
The plan previously retained its incumbent following a similar search in 2019.
The town last conducted a bundled provider search in 2017 on behalf of its deferred compensation plan.
The pension plan was notified of seven commitments totaling $2.2 billion at its Dec. 11 board of investments meeting.
The pension plan approved a new asset allocation for its Core Trust Fund this week.
The deferred compensation plan replaced two equity managers, which had been on watch, yesterday.
The plan hired Albourne as its new strategic investments consultant and brought on Aksia for its private credit portfolio.
The retirement fund will be looking to add an equity long/short strategy to its hedge fund portfolio in the first quarter.
The plan also concluded its emerging markets ex-China equity search at a meeting this week.
Four total firms will vie for an approximately $521 million mandate.
