The plan’s incumbent was first hired in 2016.
The plan last conducted a similar search in 2015.
The executive director will be part of the firm’s business development team.
The four new firms help make up the plan’s new $5.2 billion fixed-income structure.
The plan’s incumbent is underperforming and will see its contract is expire this year.
The plan hired all incumbents in its high-yield fixed-income and general investment consultant searches.
Consideration of private equity comes as part of an asset allocation study expected for review this week.
The current cio has departed the plan after less than 18 months in the position.
The plan committed to existing managers’ latest funds.
Search is for two managers to handle nearly $500 million in total.