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The investment committee approved selections after interviewing three finalists today.
The plan hired a new emerging market debt blended currency manager at the meeting, which also included discussions around including diverse asset managers in future searches.
The plan’s board committed $50 million total to a new private equity manager and was notified of a $30 million co-investment yesterday.
The team includes three principals and a senior consultant.
The town is searching for a firm to help maintain and enhance its investment portfolio.
The funds will target sectors including business and infrastructure software, developer tools and cybersecurity.
The plan first decided to switch to an outsourced cio model in 2020.
He will oversee all day-to-day operations and provide strategic leadership for the firm’s shared services.
They will develop, structure and launch investment strategies uniquely designed for insurance clients.
The fund will focus on value-added, middle market infrastructure investments.