Belmont (Mass.) Contributory Retirement System hired Standish Ayer & Wood as a bond manager and Atlanta Capital as an all-cap growth equity manager for the $42 million fund.
Standish will manage $12 million in a U.S. core bond portfolio and replaces Oppenheimer, a finalist in the search. Atlanta will handle $5 million in a new equity portfolio. Funding will come from a rebalancing of assets.
New England Pension Consultants assisted in the search.