The plan interviewed a total of five firms at today’s board meeting.
The plan also received a hedge fund search report that includes 22 responses.
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.