The plan also promoted two analysts to associates this month.
The hires follow an RFI issued last month for managers to handle more than $1 billion.
The plan is looking to eliminate the $1 billion portfolio in favor of illiquid credit.
The plan’s previous third-party administrator search resulted in a manager change.
The plan received a search report that included information on four investment grade corporate bond managers today.
The plan issued an RFP earlier this year for diversification purposes.
The plan is conducting a replacement search after terminating its incumbent core fixed-income manager today.
The plan made two hires in its small-cap core equity manager search last quarter.
The plan is seeking a successor to its cio who retired over the summer.
The plan made six commitments totaling more than $900 million.