Brockton (Mass.) Contributory Retirement System hired SEI Investments to provide discretionary investment consultant services, said Harold Hanna, executive director of the $356 million pension fund.
SEI will have full discretion within broad ranges with an allocation set by the system.
It replaces the plan's previous consultant NEPC, whose contract expired Dec. 31. NEPC rebid.
An RFP was issued in October.