The plan is seeking a firm to provide investment advice and evaluate investment options.
The plan is conducting the search as part of a due diligence process and the incumbent was last rehired in 2010.
The plan approved commitments to two existing managers.
The 13 firms are said to either boycott fossil fuel companies or failed to reply to a questionnaire.
The current consultant’s contract is set to expire next year.
The plan’s current consultant contract is set to expire.
The manager will handle a new 3% long Treasury target allocation.
The plan sees fixed-income opportunities in the decarbonization of the economy.
The plan made follow-on commitments totaling $925 million.
The consulting firm has issued an RFI on behalf of an undisclosed public fund client.