The plan disclosed several new private commitments in addition to two absolute return manager redemptions at its meeting Friday.
The plan hired a new investment consultant following a search launched late last year.
A new bill has been introduced that would aim to increase diversity in the asset management sector.
Search is for firms to provide investment management services for $491 million in assets.
Plan approved a convertible bond hire at today’s meeting as well as private equity and real estate commitments.
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.