<!-- Swiftype Variables -->

Pension Funds

New Hampshire extends NEPC contract

New Hampshire Retirement System's independent investment committee recommended renewing investment consultant NEPC's contract for two years, ending Dec. 31, 2020, said Marty Karlon, spokesman, in an email.

The $8.8 billion Concord-based pension fund's board is expected to act on the recommendation in December, Mr. Karlon said. NHRS expects to issue an RFP for an investment consultant in 2020, he added.

Separately, the committee voted to terminate Aberdeen Standard Investments from a $211 million global absolute return portfolio. The pension fund will add $100 million each to global multisector fixed-income portfolios managed by BlackRock (BLK) and Fidelity Institutional Asset Management, giving each $250 million, with the remaining assets used for liquidity, Mr. Karlon said. He would not comment further on the termination.