The changes were recommended by the trust’s newly hired general investment consultant.
The pension fund previously extended the contract of its transition managers by one year.
The commitments include three new manager relationships for the pension plan.
The retirement system hired two firms to manage its 51% private markets portfolio.
The plan’s current private markets co-investment manager will see its contract expire at the end of the year.
The plan’s current real assets consultant will see its contract expire this year.
The retirement system is searching for a firm to conduct a one-time asset allocation review.
The search is open to real estate debt, opportunistic and value-add funds.
The retirement system is seeking a Standard & Poor’s 400 Index manager.
The director will be responsible for developing, launching and managing the new program.