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Extensive and timely coverage of the institutional industry.
The pension plan also made credit and infrastructure commitments totaling $130 million last month.
The plan previously had the portfolio in a Standard & Poor’s 500 Index fund.
The retirement system also saw two investment staff members depart this week.
The town expects to select a firm on Oct. 15.
Geert Henckens has been named global head of private fixed-income at MetLife Investment Management.
The plan terminated a $315 million international small-cap equity mandate due to long-term underperformance.
The RFP will be released next week due to the contract expirations of two incumbents.
The retirement fund is seeking private equity managers across buyout/special situations, growth equity and venture capital managers.
Infrastructure marks a new asset class for the retirement fund.
The township had worked with Fifth Third Bank since 2023.