Town of Fairfield (Conn.) Retirement Funds hired Boston Co. as its...

Town of Fairfield (Conn.) Retirement Funds hired Boston Co. as its first midcap value equity manager. The $304 million plan will give the new manager $15 million, said Paul Hiller, chief fiscal officer. Despite the poor performance of the asset class in recent years, the plan is pursuing the strategy for diversification and expects performance to improve.