The retirement system’s current provider was first hired in 2019 following a similar RFP process.
The plan also named finalists in its private markets consultant search.
The town last conducted a bundled provider search in 2017 on behalf of its deferred compensation plan.
The plan also concluded its emerging markets ex-China equity search at a meeting this week.
The retirement system is seeking additional investment staff due to portfolio increase and complexity.
Four total firms will vie for an approximately $521 million mandate.
The plan adopted a new asset allocation mix at its board meeting yesterday.
The search is required by standard state procurement laws.
The position will assist with the implementation and monitoring of internal and external investment strategies.
The plan last conducted a search nearly a decade ago.