Plan committed to three existing managers at today’s board meeting.
Plan switched domestic small-cap value equity managers in the first quarter.
The two commitments will be funded from the plan’s public equity portfolio.
Search is due to the upcoming contract expiration of its incumbent provider.
The plan’s incumbent provider handles nearly $1 billion.
Search is for one firm to provide investment management services for city’s three retirement plans.
Plan made real estate commitments to two incumbent managers.
The town is looking to consolidate its record keeping services to one firm.
The trust fund will consider active management for U.S. small-cap and international developed markets equities.
Plan decided not to fund the mandate due to the ongoing Russia-Ukraine war.