The deferred compensation plan’s contract with its incumbent is scheduled to expire on Jan. 31.
The retirement system approved commitments following finalist presentations held last month.
The district is seeking discretionary or non-discretionary services for its $140 million portfolio.
The pension system made $116.5 million in new private markets commitments in July.
The fund closes at more than double its $500 million target.
The global equity manager has named Rodney Cohen as co-ceo and cio of Ariel Alternatives and Melody Rollins as executive v.p. and global head of distribution.
The plan also approved $320 million in alternatives investments at this week’s meetings.
The plan’s incumbent domestic small- to mid-cap core equity manager had been gradually underperforming the benchmark.
The pension fund approved three commitments to existing manager relationships this week.