The district last issued an investment advisor RFP in 2018.
The pension plan replaced its global large-cap growth equity and domestic core-plus fixed-income managers in the second quarter.
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.