The plan hired a new general investment consultant after interviewing three finalists.
The termination follows a recent downgrade from the plan’s investment consultant.
The firm will now manage approximately $40 million in the plan’s main portfolio.
The customized mandate will allow the plan to invest across the firm’s platform.
The plan committed to three buyout funds with existing managers.
The plan expects to issue RFPs for two investment consultants in November.
The plan hired two duration specialists at its board meeting today.
The plan selected a new general investment consultant after going out to bid in May.
The plan’s investment committee selected a winner in its private credit consultant search this week.
The plan expects to issue an RFP for a general investment consultant RFP later this month and will interview three finalists in an ongoing international equity search.