The plan interviewed three candidates at a special board meeting last week.
The searches comply with standard state procurement laws.
The recommendation stems from general investment consultant NEPC’s most recent asset class assumptions.
The plan also concluded its real estate and passive manager searches.
The plan’s private markets consultant will present a private debt portfolio update this week.
The plan began a core real estate search for diversification purposes.
The plan will interview three government/credit bond managers next month.
The plan named a dedicated investment officer for its emerging manager program.
The manager has trailed its benchmark for two consecutive quarters.
The plan may hire two direct lending managers next month.
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