The town has three pension plans with $17 million in total assets.
The investment advisor will be response for more than $13 billion in assets.
The plan launched a search last year due to underperformance from its incumbent manager.
The plan hired one new manager and retained one incumbent today.
The retirement system is cutting ties before its current manager shuts down its alternative equity team.
The plan has now hired a total of 12 new international equity managers this year.
The commitments will target the non-coastal regions of the U.S.
The city is seeking an investment consultant for its two self-insured trust funds.
The board is seeking a firm to assist with its $1.7 billion investment portfolio.
The plan is looking to replace its current manager that has “struggled continuously.”