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Town pension posts strong returns; consultant outlines diversification moves
Summary
Investment consultants told the Board of Finance the pension plan returned 5.23% in Q3 (net) and an annualized 14.49% since the firm began managing assets. The plan increased allocations to emerging markets, REITs and listed infrastructure to diversify away from heavy US large‑cap concentration.
Representatives from the town’s investment consultant presented the pension performance through September 2025 and explained a strategic reallocation made in May 2025.
The consultant reported a third‑quarter net return on assets of 5.23% (benchmark 5.33%) and an annualized since‑inception return of 14.49% versus benchmark 14.36, with one‑year performance of about 12.1% (benchmark…
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