The retirement system also approved a search for a multi-asset credit manager at the end of August.
The fund opted to replace its mid-cap growth investment due to underperformance.
The fund anticipates awarding five contracts in the search.
The pension fund hired a pair of international growth equity managers at this week’s board meeting.
The change comes as part of an overall review of the real assets portfolio by its general investment consultant.
The investment advisor has appointed a ceo to help oversee the approximately $8.7 billion in assets it advises on.
The firm added a pair of consultant relations v.p.s.
The retirement system hired a senior investment officer to expand its staff dedicated to diverse and emerging managers.
The plan is seeking a fund-of-one structure to manage an initial 3% of its long-term 7% target to the asset class.
The plan committed up to $150 million across three funds in May and June.