The search is for a manager to handle six index funds.
The search is due to the expiring contracts of two incumbents managing a total of $440 million.
The plan committed $15 million each to new funds from existing managers.
The search is open to core, core-plus and high-yield bond managers.
The searches are issued due to standard state procurement laws.
The plan does not currently have a dedicated manager for emerging markets equity.
Plan committed to three existing managers at today’s board meeting.
Plan switched domestic small-cap value equity managers in the first quarter.
The two commitments will be funded from the plan’s public equity portfolio.
Search is due to the upcoming contract expiration of its incumbent provider.