Searches And Hires
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.
The system is seeking a retirement plan investment consultant on behalf of its several funds after awarding a maiden contract for the services in 2018.
Plan will consider a search for a complementary manager following a core fixed-income review scheduled for April.
The plan expects to issue RFPs for two investment consultants in November.