Searches And Hires
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.
The search is due to the upcoming contract expiration of its incumbent.
Authority is seeking investment consulting and advisory services for its $1.2 billion in operating and bond portfolio assets.
The fund has reissued its RFP seeking a non-discretionary investment consultant to oversee its trust fund after canceling the search process in the fourth quarter for undisclosed reasons.