Searches And Hires
The two commitments were made for pacing purposes.
The board hired an infrastructure manager and adopted a new asset allocation policy in April.
The plan is considering a 5% dedicated allocation to the new asset class.
A foundation based in New England is looking to hire an investment manager to oversee its approximately $100 million investment portfolio.
The plans are looking to consolidate retirement services to a single firm.
The retirement fund terminated a fixed-income manager and made commitments totaling $2.9 billion in March.
The village expects to select a firm at its Aug. 4 board meeting.
The retirement system will interview two growth and two value finalists next month.
The retirement board last rehired its incumbent following its last search in 2018.
The retirement system approved the RFP at yesterday’s board meeting.