The plan hired two firms after finalist interviews at today’s board meeting.
The plan selected one firm after interviewing finalists at a special meeting earlier this month.
The plan is looking for a manager to implement a cash flow driven investing program.
The commitments totaled $160 million, including with two new managers.
The plan invested in private debt for the first time.
Jase Auby is responsible for one of the largest pension funds in the world.
The plan rehires its value manager, believing it will outperform growth going forward.
The plan will not move forward with the hire after learning of personnel departures.
The coo has joined a private wealth firm in the same capacity.
The plan is gearing up to search for a new international bond manager and expects to hire a new active large-cap growth manager next month.