Daily Feed
The retirement system issued RFPs to comply with state procurement regulations.
The plan is seeking a firm to provide record keeping and administration services.
The RFQ has been issued ahead of the incumbent’s contract expiration and the process will likely turn into a formal RFP.
The plans are seeking a full range of investment, custodial and record keeping services.
The firm has added two new members to its distribution team.
The search follows the recent departure of a high-level domestic equity staff member.
The pension plan also made credit and infrastructure commitments totaling $130 million last month.
The plan previously had the portfolio in a Standard & Poor’s 500 Index fund.
The retirement system also saw two investment staff members depart this week.
The town expects to select a firm on Oct. 15.