The retirement system hired a new general investment consultant following finalist presentations at yesterday’s board meeting.
The new ceo joins the firm this month from BlackRock.
The city expects to select a firm on Oct. 21.
The retirement system also made a value-add real estate commitment last week.
The firm has added two new members to its distribution team.
The search follows the recent departure of a high-level domestic equity staff member.
The pension plan also made credit and infrastructure commitments totaling $130 million last month.
The retirement system also saw two investment staff members depart this week.
The town expects to select a firm on Oct. 15.
The township had worked with Fifth Third Bank since 2023.