The plan made three follow-on commitments at this week’s board meeting.
The search is being conducted to comply with state regulations.
The selection firm will provide services such as administration, record keeping and investments.
The plan’s current consultant was hired in 2016 following a similar search.
The new manager joins two global equity managers that were hired last year.
The plan will conduct a search for multi-asset class credit investment strategies.
The plan last conducted a similar search in 2017.
The plan is looking to commit $100 million to a newly established credit hedge fund.
The plan last conducted a similar search in 2016.
The investment consultant will be responsible for a pension plan and an OPEB trust.