The $27 million in assets will be used for liquidity purposes.
The plan, which last conducted a similar search in 2010, will issue the RFP later next month.
The plan is looking to invest $5 million each in large-cap growth and large-cap value.
The plan hired a new international small-cap manager following interviews that included its incumbent.
The position will oversee the plan’s portfolio analytics and operations.
The search will be for a separate account manager to handle $400 million.
The consultant will be responsible for approximately $100 million in plan assets.
The plan hired a new firm to provide general investment consulting services.
The terminations were approved amid the plan’s ongoing international equity manager search.
The plan was unable to invest in a previously selected manager.