The city hired its incumbent firm following a similar search process conducted in 2017.
The retirement system opted to extend its contract for general investment consulting services to a firm recently hired for plan de-risking services.
The retirement system reviewed three potential replacement options for an incumbent manager last quarter.
The manager added an analyst from an investment consulting firm.
The pension fund had approved minimum qualifications for the search last month.
The township is seeking record keeping, investment management and education services on behalf of its deferred compensation plans.
The new domestic small- to mid-cap core equity allocation will complement the retirement system’s existing small-cap manager.
The oversubscribed fund closed at its hard cap of $600 million in total commitments in less than three months.
The investment division has awarded a contract in its real estate consulting services search launched in January.