Searches And Hires
The town has launched its search for an investment manager due to the impending contract expiration of its incumbent provider, which is allowed to rebid.
The plan is searching for daily liquid opportunistic managers.
The plan last rehired Segal Marco Advisors as its general investment consultant in 2017.
The plan made additional commitments to existing managers at its meeting last week.
The plan is in the early stages of evaluating its long/short equity, absolute return and fixed-income credit portfolios.
The plan will soon issue RFPs for two investment consulting services providers.
The program is searching for an investment consultant after its official launch this year.
The plan is seeking domestic mid-cap value equity managers to handle a $25 million mandate and diverse-owned private equity managers for an up to $3 million commitment.
The town has issued an RFP for investment management services for an educational fund.
The firm will now manage approximately $40 million in the plan’s main portfolio.