Woburn (Mass.) Retirement System, with $60 million in assets, picked Wellington Management as an international bond manager, and Essex Management as a domestic small-cap growth manager, said Maureen Marcucci, retirement administrator.
Each will manage $3 million; funding comes from employer contributions and cash, Ms. Marcucci said.
The hirings follow the adoption of a new asset allocation plan.
H.C. Wainwright assisted.