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The town is searching for a consultant on behalf of its 457(b), retirement health savings and 401(k) plans.
The plan selected the managers at a meeting today following RFPs issued in April.
The hire represents an expansion of the firm’s liquid credit team.
The pension plan expects to meet to discuss future recruitments after its inaugural cio resigned earlier this month, as previously reported by FIN News.
The plan is seeking firms to handle a roughly $72 million allocation.
The plan added a follow-on private equity commitment at a board meeting last week.
The firm will manage a hard currency mandate for the plan following the issuance of an RFP in the second quarter.
The retirement system approved a new bundled provider/record keeper following diligence and presentations from three finalists.
Since beginning its diversity, equity and inclusion efforts in earnest nearly a decade ago, one investment advisor has made significant progress in having increased diverse manager hires in client portfolios to 45 firms from 10, while also having improved diversity representation in its workforce.
Artificial intelligence could be a boon for emerging or diverse-owned investment managers, though the trend carries some risks, according to the firm.