Searches And Hires
The plan is seeking managers to handle a total of $5.9 billion.
The retirement fund will shift the $200 million mandate to a passive account at least initially.
The town is seeking a firm or firms to provide investment advisory services for its investment portfolio, which is currently managed by staff.
The retirement system replaced its Standard & Poor’s 500 Index Fund manager to cut costs in July.
The plan also made two private markets commitments today.
The consulting firm is conducting the search on behalf of a public fund client.
The authority last conducted a similar search in 2020.
The general employees, police and firefighters pension funds will look to replace an underperforming manager.
The deferred compensation plan terminated two equity managers, which had both been on watch due to underperformance, in May.
The plan has four incumbent managers in the two asset classes.