The switch was made after a change in the incumbent firm’s ownership.
The new outsourced cio will handle the town’s pension and OPEB trust.
The manager will handle a portion of the county’s $600 million portfolio.
The plan expects to commit a total of $75 million to the two strategies.
The plan promoted from within for its new ceo.
The plan interviewed a total of three firms last month.
The plan’s incumbent managers were first hired in 2016.
The plan is seeking managers to replicate domestic small-cap and mid-cap equity indexes.
The plan’s current mid-cap and small-cap managers are under review.
The search is due to the upcoming Dec. 31 contract expiration of its current provider.