Searches And Hires
The agency will shift roughly two-thirds of its investment portfolio to a new active investment advisor.
The township is seeking the services on behalf of its $17.1 million general fund.
The search is due to the upcoming contract expiration of incumbent Empower Retirement.
The retirement system approved two private equity commitments for pacing purposes and diversification yesterday.
The plan is looking to invest $50 million in the selected strategy.
The plan hired Barings to manage two customized funds.
The retirement plan and health care trust are conducting separate RFPs due to incumbent contract expirations and state procurement regulations.
The pension plan made an up to $50 million private credit commitment last week.
The plan will target eight to 10 emerging buyout funds.
The town is seeking an advisor to help manage its trust fund portfolio.