The plan’s investment committee approved a complementary fourth private credit fixed-income manager yesterday.
The new manager replaced an existing firm in the second quarter.
The board hired an intermediate manager to replace a short-term bond mandate.
Jay Wiltshire joins the firm in the role amid a broader leadership transition.
He joins from a Western state pension fund, where he held a similar role.
The retirement system is seeking a replacement for a recently terminated domestic equity manager.
The trust is seeking fixed-income investment advisory services for the management of its restricted and reserve funds.
Victory Park Capital is an affiliate of Janus Henderson Group, which will remain majority owner of the alternative investment firm.
The town issued an RFP in April due to purchasing regulations.
The plan added an international large-cap value equity index manager last month.