Searches And Hires
The plan anticipates selections in the non-discretionary and discretionary portions of the search to take place in May and August, respectively.
Plan is searching for a multi-asset credit manager to fill a maiden allocation to the asset class.
The plan could look to add private equity as current valuations begin to decline.
The plan will receive a recommendation to approve a new manager structure for the asset class that will result in eliminations and subsequent searches.
The plan announced new real estate commitments during the fourth quarter.
The town is seeking investment advisory services for its surplus funds.
The plan will consider active core and core-plus fixed-income manager hires in May as a result of a new asset allocation that also eliminated its 2.5% risk parity target yesterday.
The plan rehired its real estate consultant at a board meeting last week.
The plan will conduct on-site visits with five firms before presentations and selection slated for its March board meeting.
The plan will hear presentations from three consulting firms, including its incumbent, next month before making a selection.