The plan terminated a manager after discussions held in closed session last month.
The selected firm will manage a Russell 1000 Growth Index mandate at least initially.
The plan will soon issue RFPs for two investment consulting services providers.
The commission has concluded that a confluence of events involving several parties resulted in the theft of $3.5 million from the retirement system.
The program is searching for an investment consultant after its official launch this year.
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.