The plans conducted a search earlier this year after its former provider was acquired.
A Texas retirement system is losing a portfolio manager to a West Coast pension.
Plan liquidated its 5% risk parity allocation in March and reallocated the target to hedge funds, a new allocation for the plan.
The plan’s investment committee initially received an asset/liability education in May.
The plan issued an RFP last year due to the contract expiration of its incumbent.
The firm focuses on buyouts of middle market businesses with operational improvement potential.
The district was slated to rehire Chandler Asset Management to provide investment management services.
He joins the firm from the business development team at Gramercy Funds.
The plans are searching for a single firm to provide actuarial, administrative, investment advisory and custodial services.
He has been with the plan since 2001.