The plan’s previous director resigned in June.
The pension plan’s current manager was hired in 2016.
The plan sees market opportunity due to recent banking failures.
The plan has issued RFPs seeking an active core fixed-income manager as well as index managers.
The plan will target $110 million to core managers and $60 million to non-core emerging real estate managers.
The plan will interview three firms in its outsourced cio search next week.
The new director most recently served as interim chief of stakeholder relations at CalPERS.
The plan launched a replacement search at a special board meeting today.
The hire follows a global equity structure review emphasizing alpha generation.
The plan initiated both searches earlier this year for pacing purposes.