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The retirement board will issue a global low volatility equity manager RFP early next week.
The plan hired two new managers and retained three at a board meeting this week.
The plan launched a search in February ahead of the March 31 contract expiration of its incumbent.
The pension plan replaced its domestic large-cap value equity manager in the fourth quarter due to underperformance.
Trive Capital Fund V closes with total commitments of $2.7 billion.
The city is seeking record keeping services on behalf of its $3.75 million 457(b) retirement plan.
The retirement trust terminated its sole active large-cap equity manager last month for performance reasons.
The new hire joins the department of the treasurer’s private equity investment team.
The city did not previously utilize a firm for the services.
Town is seeking investment advisory services for its police and fire pension and OPEB funds.