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City is searching for a firm to manage its $50 million in operating and capital funds.
SEC settlement requires AllianzGI to exit the business of conducting U.S. fund services.
The plan approved new credit, venture capital and real estate commitments as well as several changes to its target asset allocation last week.
Plan’s passive investment exposure will now be with one manager.
Incumbent firm beat out four other finalists presented in a search last quarter.
She will be responsible for new initiatives to expand Monroe’s global footprint among institutional investors.
The plan is searching for opportunistic and value-add strategies.
The money will be invested in accordance with the plan’s investment policy.
The town appears to have restarted a search that first began last year.
