The plan removed two hedge fund investments totaling $40.8 million from its portfolio this week.
The plan approved a strategic real estate plan that calls for dropping its core portfolio to 5 managers from 11 over time.
Plan adds deputy cio for operations from its legal team.
The plan is seeking to fill a position that was vacated in May and is being filled on an interim basis by its previous cio.
The plan made a $5 million commitment at its board meeting this week.
The plan hired four credit managers to handle a total of $31 million at its February board meeting.
Firm closes Arcline Capital Partners III with $4.5 billion in aggregate capital commitments.
The plan selected its incumbent consultant after receiving a total of three proposals in a search initiated in January.
Total capital available for deployment exceeds $2.8 billion when combined with firm’s levered investment vehicles.
The fund’s close brings the firm’s total capital commitments to more than $8 billion since its 1992 inception.