The previous deputy cio left to join a neighboring state plan.
The plan narrowed its domestic small-cap value equity search to three finalists and concluded its diverse fund-of-funds search.
The departure has led to at least one client placing the firm on watch.
The fund has issued RFPs seeking equity and fixed-income managers.
The watch status is due to a co-portfolio manager’s abrupt departure from the firm.
The terminated manager was first hired in 1990.
The consultant will advise the plan’s nearly $335 million private markets portfolio.
The plans’ incumbent was most recently rehired in 2018.
The commitments include two first time managers for the plan.
The recruitment is to replace an investment director who left in December and two other positions.