The termination stems from underperformance and an asset allocation change.
The retirement systems are searching for a successor for the departing cio.
The retirement association’s new general investment consultant began its contract last month.
The plan’s general investment consultant will search for a new active international equity manager in the near future.
The plan is searching for domestic and international equity, core fixed-income and core real estate managers.
The retirement association added a dedicated infrastructure target as part of a newly approved asset allocation last month.
The search will be conducted to replace a recently terminated hedge fund manager.
The commitments conclude a private credit RFP search process that was launched in September.
The retirement board made $250 million in total commitments over the last two quarters.
The plan will fund the hires by terminating three existing firms.