The new cio will join the plan in September from the Employees Retirement System of Rhode Island.
Plan approved a new asset allocation policy that addresses the current marketplace.
Plans’ incumbent socially responsible manager Boston Trust Walden is invited to rebid.
Plan is searching to replace its cfo, who will retire next month.
Plan made commitments to eight existing managers and one new manager last month.
Plan expects to receive a recommendation at its Oct. 12 board of investments meeting.
Plan’s decision to move all of its fixed-income assets in-house will reduce its annual fees.
Plan first invested in the strategy in 2013.
Commitment represents a new relationship for the plan.
Funding for the new investments will come from the plan’s existing high-yield mandate.