Retirement Board

Danvers Retirement Board rebalances $193.6M portfolio and approves new school position. The board unanimously adopted a revised Investment Policy Statement increasing International Equity and Core Fixed Income allocations while trimming Real Estate Core, a recommendation from Segal Marco Investment

Danvers Retirement Board approves $1 million in rebalancing transfers and addresses member indemnification. Chair Joseph L. Collins led the board in voting unanimously to move $500,000 each from Kayne Anderson and Rhumbline Russell Growth 1000 into cash, based on Segal Marco guidance; the fund's

Danvers Retirement Board approves $23.3M portfolio gain and three legal contracts. Segal Marco Investment Manager Rafik Ghazarian reported a 2025 net investment return of $23,318,976, or 13.8 percent year-to-date, outpacing the PRIT benchmark of 12 percent. The board unanimously approved three

Danvers Retirement Board awards actuary contract to KMS and approves hybrid legal counsel arrangement. The board unanimously selected KMS as its actuary vendor without interviews, finding it superior to two competitors. A contentious legal-services vote split the five-member board: Vincent Malgeri