The search is open to both traditional investment consultants and outsourced cio service models.
The city initially engaged in a short-term agreement with the manager in October to manage $25 million.
Investment officer will help develop, implement and maintain the plan’s private markets investment portfolios.
The plan currently maintains a pool of pre-qualified firms for general investment consulting services.
The selected firm will service the district’s 457, 401(k) and OPEB funds.
The plan recently extended the contract of its incumbent so it could conduct an RFP.
The firm’s current president will retire this week after serving in the role since 2006.
The town hired a new outsourced cio for its funds following the acquisition of its incumbent Vanguard Group by Mercer.
The plan has issued a request for quotations and qualifications for the services.
The retirement system has been working with its incumbent consultant since 1987.