FINANCIAL_SERVICESAMENDED

Board Approves $500K Drawdown From Kayne Anderson

The Danvers Retirement Board approved a $500,000 drawdown from investment manager Kayne Anderson to meet cash needs and reduce portfolio risk. This action follows underperformance over a three-year period and is part of a gradual reduction strategy.

Status
AMENDED
Document date
May 27, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Kayne Anderson
Agency
Town of Danvers · MA

Trusted by teams at

Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$500,000.00
Contract type
FINANCIAL_SERVICES
Renewal
Ongoing investment management mandate; Board is gradually drawing down the position to reduce risk.
Document type
Minutes
Source document
Danvers Retirement Board Minutes 2026-05-27

Related contracts

Other contracts from Kayne Anderson.

View all →

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Danvers?

Kayne Anderson was awarded this financial services contract by Town of Danvers, as recorded on May 27, 2026. The contract value is $500,000.00.

How much is the Kayne Anderson contract with Town of Danvers worth?

The Kayne Anderson contract with Town of Danvers is valued at $500,000.00, covering financial services work.

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 Danvers Retirement Board Minutes 2026-05-27 (Minutes), dated May 27, 2026 from Town of Danvers. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Kayne Anderson hold?

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

View Kayne Anderson's profile

What is Town of Danvers currently buying?

Explore Town of Danvers's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Town of Danvers's profile

Bring us your territory.
We'll show you what is forming.

B2G and SLED sales intelligence. Surface government procurement signals from 80,000+ state, local, and education agencies months before the RFP.

Try Civic IQ for free