MissionSquare Retirement previously provided record keeping and administrative services for the authority’s plans.
The transaction adds $142 billion in assets to Franklin Templeton.
The town has hired a new record keeper for its deferred compensation plan.
The pension plan made two private equity commitments in August for pacing purposes.
The pension plan’s hedge fund committee approved four commitments and a manager termination at its meeting in October.
The pension plan created stand-alone target allocations for real estate and infrastructure and recently added a new member to its investment staff.
The pension plan will consider potentially replacing its international small-cap core equity manager due to underperformance.
The deferred compensation plan recently made several changes to both its equity and fixed-income portfolios.
The pension plan liquidated an approximately $237 million global equity mandate and made commitments totaling $1.4 billion in October.
The plan approved a new asset allocation for its Core Trust Fund last week.