The hire will save the plan over $1 million in fees annually.
The retirement system is considering a replacement search for an underperforming manager.
The retirement system terminated its international all-cap manager due to underperformance.
The plan changed its investment consultants for the first time in over 20 years.
Four firms will be interviewed over the next two days.
The plan is looking to invest $50 million in the selected strategy.
The plan hired Barings to manage two customized funds.
The plan will target eight to 10 emerging buyout funds.
The town is seeking an advisor to help manage its trust fund portfolio.
The plan interviewed a total of four finalists for the mandate in March.