The selected firm will serve an initial one-year term beginning on Jan. 1.
The agency expects to commence a contract on July 1.
The funds surpassed their respective targets.
The retirement fund currently works with fixed-income consultant RVK.
The manager hire concludes a domestic all-cap equity index manager search, which the program launched in March.
The pension plan committed up to $80 million to a new manager relationship.
The analyst will help develop investment strategies and assist with research and recommendations for crafting a new internal fixed-income strategy at the North Dakota State Retirement and Investment Office.
The fund was oversubscribed and represents the firm’s largest fundraise since its 1986 inception.
The city received seven proposals in response to an RFP issued in June.
The pension plan committed $120 million total to two existing manager relationships in the third quarter.