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Board Terminates Newton Large Cap Mandate

City of Port Orange logoCity of Port Orange
Document date
Mar 2, 2026

The 30-second brief

What it covers

The pension board voted to close its large cap equity mandate with manager Newton following a year-long watch period. Assets from the Newton portfolio will be reallocated as part of a shift toward a passive index strategy.

Who holds it

NEWTON holds this financial services contract with City of Port Orange. Its other public contracts on record include work for Oklahoma Firefighters Pension and Retirement System | State of Oklahoma and Kittatinny Regional School District.

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Contract details

Contract type
Financial Services
Document date
March 2, 2026
Vendor
NEWTON
Agency
City of Port Orange
Source document
City of Port Orange General Employees Defined Benefit Retirement Plan Board of Trustees Quarterly Meeting Minutes 2026-03-02 (Minutes)

NEWTON's other public contracts

Oklahoma Firefighters Pension and Retirement System | State of Oklahoma, OklahomaNewton Selected for Large Cap RFP Interview · Sep 18, 2026UndisclosedKittatinny Regional School District, New JerseyMarching Band Parade Appearance In Newton Planned · Jul 31, 2026UndisclosedCity of Sarasota, FloridaNewton Selected for Large Cap Value Investment · Jul 23, 2026City of Sarasota, FloridaNewton Manages $61.6 Million Pension Equity Account · Jun 30, 2026Township of Byram, New JerseyNewton Police included in Byram regional MOU · Jun 16, 2026UndisclosedAll NEWTON contractsVendor profile

More City of Port Orange contracts

Centerstate Bank of Florida National AssociationCenterState Bank Named in Journey’s End Agreement History · Oct 23, 2026UndisclosedP.D.M. Group IncPort Orange Master Development Agreement Involved P.D.M. Group · Oct 23, 2026UndisclosedJai-ambe IncJai-Ambe Named in Earlier Journey’s End Amendment · Oct 23, 2026UndisclosedT&t Management IncT&T Management Named in Journey’s End Amendment · Oct 23, 2026UndisclosedPort Orange Stow-a-way LLCPort Orange Stow-A-Way Named in Multiple Development Amendments · Oct 23, 2026UndisclosedAll City of Port Orange activityAgency profile

Questions about this contract

Who was awarded the financial services contract by City of Port Orange?

NEWTON was awarded this financial services contract by City of Port Orange, as recorded on March 2, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Port Orange General Employees Defined Benefit Retirement Plan Board of Trustees Quarterly Meeting Minutes 2026-03-02 (Minutes), dated March 2, 2026 from City of Port Orange. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does NEWTON hold?

NEWTON may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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