# New Bedford Contributory Retirement System

New Bedford Contributory Retirement System is a Pension Fund based in New Bedford, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** New Bedford, United States
- **Region:** North America
- **Assets under management:** 515 (Altss estimate)

## Regulatory record

- **Reports private funds:** No

## About

The New Bedford Contributory Retirement System provides defined-benefit pensions to municipal employees of the City of New Bedford. Leonard F. Baillargeon chairs the board while Eric Cohen handles day-to-day administration as executive director. The plan operates under oversight from the Public Employee Retirement Administration Commission. Assets total $515 million and follow a diversified allocation that includes a substantial commitment to the Pension Reserves Investment Trust. Separate holdings cover timberland at 3.4 percent of the portfolio plus limited-partner positions in UBS Trumbull Property Fund, Realty Associates Fund VIII, and multiple Invesco and Mesirow private equity vehicles. Geographic reach centers on the United States with limited international exposure through the Invesco International Partnership Fund. The board comprises appointed members Angela M. Natho and Christopher Saunders plus elected member Billy Cabral. Investment advice comes from Segal Marco Advisors; actuarial work is handled by Segal. No material governance or mandate changes have occurred in the last 24 months.

## Sectors

- Real Estate
- Private Equity

## People

- Leonard F. Baillargeon — Chairman of the Board
- Eric Cohen, Esq. — Executive Director and Records Access Officer

## Questions

### Who runs investment decisions at New Bedford Contributory Retirement System?

Eric Cohen serves as Executive Director. The board chaired by Leonard F. Baillargeon sets policy and reviews allocations.

### Does New Bedford Contributory Retirement System participate in fund commitments or only direct deals?

The system commits as a limited partner to commingled funds including Invesco and Mesirow vehicles. It also holds direct interests in timberland and real estate funds.

### How is New Bedford Contributory Retirement System related to the City of New Bedford?

The City of New Bedford sponsors the plan and supplies the employee base. Board members include both city appointees and elected representatives.

### Which external advisors does New Bedford Contributory Retirement System retain?

Segal Marco Advisors provides investment consulting. Segal serves as actuary. Managers include JPMorgan Asset Management, Dodge & Cox, and Arena Capital.

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Last updated: 2026-06-03T20:00:00.000Z

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