The board is looking to develop a short list of providers to assist in executing manager transitions in its investment portfolio.
The fund received educations on the two asset classes at its investment committee meeting last week as part of an ongoing asset/liability study.
The retirement system hired a new manager at its board meeting yesterday after finalist interviews were held in March.
The retirement system will invest $200 million in an all-cap core strategy managed by ABS Global Investments.
Malik Murray died on April 19 of an apparent heart attack.
The contract of the plan’s incumbent investment consultant is expiring.
The plan voted to remain with its incumbent at a special board meeting yesterday.
The deal will add approximately 2,900 advisors and roughly $285 billion in brokerage and advisory assets to LPL’s platform.
The plan is looking for non-emerging, emerging and emerging managers-of-managers.
Dan Bienvenue has been with the plan for 21 years and served as interim cio on two occasions during his tenure.