Plan previously rehired Callan as its general investment consultant in 2017.
The plan is conducting the search in anticipation of its incumbent’s contract expiration.
Plan reallocated its $2.7 million international small- to mid-cap growth equity investment to an existing MSCI ACWI ex-U.S. Index fund.
Vestwell will help finalize the program’s design.
Selected international large-cap growth equity manager will handle between $1 billion and $2 billion and the U.S. REIT manager will manage between $100 million and $200 million.
Plan has not fully executed an RFP for the services since 2010.
Global value hire will replace the plan’s existing passive global core equity mandate with Northern Trust Asset Management.
Plan added commitments totaling roughly $2.7 billion with six existing managers and two new managers in March.
Plan approved the search and canceled its investment in a new opportunistic credit manager yesterday.
Plan committed up to $130 million to two funds this week.