Daily Feed
The plan hired two firms, including one incumbent, following a search launched in late 2022.
The plan is seeking bundled/platform passive management services for various portfolios.
The search comes as the plans were informed that their incumbent advisor was being acquired.
The new investment analyst joins from the state treasurer’s office.
The plan will consider a recommendation to conduct an RFP for one to two buyout/special situations fund commitments next year.
The town has hired a new record keeper for its deferred compensation plan.
The pension plan made two private equity commitments in August for pacing purposes.
The pension plan’s hedge fund committee approved four commitments and a manager termination at its meeting in October.
The manager was placed on watch last year for underperformance.
He will leave the firm effective Feb. 28 and SEI will conduct a search internally and externally for his replacement.