Terminated firm had been placed on watch for performance reasons last month.
The plan is allowed to invest up to 7.5% of total assets into the new asset class.
Commitments to two existing managers totaled $80 million.
Mid-Atlantic Plan Keeps Int’l Equity Mgr. On Watch
The state passed legislation that requires Russian divestments.
The search is for managers to handle $200 million.
Previous principal investment officer joined an asset manager.
Selected firm was one of three candidates.
The plan last conducted a search over 10 years ago.
Incumbent’s contract will expire on March 31.