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The plan also received an update on its global equity manager search at a meeting yesterday.
The town last conducted a bundled provider search in 2017 on behalf of its deferred compensation plan.
The chief financial operating officer will be leaving “to take another opportunity outside of the agency.”
The duo are lead portfolio managers on two of the firm’s emerging market debt funds.
The pension plan was notified of seven commitments totaling $2.2 billion at its Dec. 11 board of investments meeting.
The plan’s board voted today to replace the incumbent with a comparable provider.
The pension plan approved a new asset allocation for its Core Trust Fund this week.
The plan committed up to $100 million across two private equity funds this week.
The $350 million fund is seeking discretionary investment advisory, management and reporting services.
The deferred compensation plan replaced two equity managers, which had been on watch, yesterday.