The deferred compensation plan will consider replacing its domestic core-plus fixed-income manager this week due to underperformance.
The search is being conducted as part of a previously approved investment consultant strategy.
The new executive director will join the plan on May 13 from the Teacher Retirement System of Texas.
The deferred compensation plan terminated its TIPS manager following a diversified inflation strategies search report in November.
The plans currently work with general investment consultant Cook Street Consulting.
The firm has named a new cio and global head of capital formation.
The pension plan will review its domestic core fixed-income manager search at an April 26 board meeting and selected a new executive director last month.
The pension plan approved new structures for its infrastructure, non-U.S. equity and real estate portfolios last week.
The new brand, known as Nomura Capital Management, will combine Nomura Group’s public and private credit offerings.
The pension plan’s outsourced cio recently hired two risk parity managers to replace the incumbent due to underperformance.