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The departures are a result of the liquidation of several H2O funds managed by the outgoing personnel.
The fund approved the addition of an active fixed-income manager to its lineup at a meeting yesterday.
The investment will provide Monroe with additional resources to pursue strategic initiatives as it continues alignment with clients, the firm said.
The plan is looking to invest $10 million in a diversified strategy.
The plan rehired its consultant to a new three-year contract.
He assumed the role of asset management co-head on Jan. 1.
He will serve as a member of the firm’s North America services group and is based in Menlo Park, Calif.
The plan approved the hire of a domestic mid-cap growth equity manager at a meeting last week.
The plan decided to retain its incumbent investment consultant at a special meeting last month.
A Southwestern plan has added $170 million in private equity and direct lending commitments, according to its website.
