Searches And Hires
The commitment represents a new relationship for the city’s three pension plans.
The deferred compensation plan is also slated to receive results in its active domestic core fixed-income manager search in May.
The plan is conducting the search to comply with state procurement laws.
The retirement system is seeking to establish a pool of “possibly two to three” consulting firms to advise on co-investments.
The plan concluded a non-U.S. equity portfolio restructure with an international small-cap hire this week.
The fund ultimately decided to retain its investment consultants and their contract terms following review at its board meeting this month.
The pension plan will also consider candidates in its executive director search next month.
The town is seeking an inaugural investment manager to manage its non-pension assets.
The retirement system made a $25 million private equity commitment last month.
The plan also terminated a fixed-income manager last month.