The plan approved credit and private equity commitments during today’s meeting as part of pacing plans for the respective asset classes.
The city is seeking a retirement plan consultant for its 401(a) and 457 plans.
Search is due to its incumbent’s upcoming contract expiration.
Search is for investment management advisory services for the town’s pension funds.
The city, which did not previously utilize a consultant for its retirement plans, made a hire this week.
The plan made changes to its private risk assets and safe assets buckets at a meeting this week.
The plan rehired the firm for investment/custodial services on a three-year contract this week.
The plan is set to discuss potential changes to its strategic asset allocation, including decreasing private equity and traditional credit.
The plans are seeking a single firm to provide comprehensive services for their assets.
Plan is keeping its domestic large-cap core manager following an RFP issued last year due to the firm’s performance.