The incumbent was also the lone bidder to an RFP.
A partner and director of research left the plan’s domestic large-cap value equity manager this month.
The new executive director/cio will be responsible for close to $125 billion in assets.
The new consultant will provide private credit and credit consulting services.
The commitment is part of the plan’s annual pacing schedule.
The contract of the plan’s current provider has expired.
The plan will hire a new high-yield fixed-income manager this fall.
The plan is likely to introduce a 5% allocation to the new strategy.
The plan made commitments to three existing managers and investments with three developed markets equity managers.
The trust hired an active manager for domestic small-cap equity in lieu of a Russell 2000 Index Fund investment.