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The new manager will complement the plan’s existing emerging markets core equity mandate with Wellington Management Company.
Search comes in anticipation of its incumbent’s impending contract expiration.
Plan committed to firm’s fourth fund after previously committing to each preceding fund.
The officer was responsible for identifying innovative approaches to diversification, enhancing returns and reducing fees.
The plan will discuss an executive director replacement search at a future board meeting.
Search is due to the impending contract expiration of incumbent RCLCO.
The average U.S. corporate pension funded status fell to 98.5% from 102.5% in the second quarter.
The town has issued an RFP seeking bundled provider services for its multiple plans.
Plan added $30 million across two real estate commitments with existing manager relationships.
