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.
Plan committed $50 million to a new core-plus real estate manager this month.
Search will help move the plan’s private equity portfolio closer to target.
The plan decided to stick with its general investment consultant following an RFP search.
The searches will go live on May 2.
The plan replaced the cash overlay provider for its Commingled Trust Fund and approved two private equity commitments yesterday.