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The deferred compensation plan conducted a similar search in 2021.
The state investment management board recently made three private equity commitments.
The authority is seeking the services for its defined benefit and defined contribution plans.
The retirement fund expects to discuss the search for Brian Collins’ successor at its Feb. 27 board meeting.
Defined benefit plans had a banner year in 2025, driven largely by higher equity exposure, according to a new report.
The search is expected to conclude in the second quarter.
The plan will discuss the options for reallocating the proceeds at a future board meeting.
The pension fund swapped domestic mid-cap value equity managers due to underperformance from the incumbent.
The search is in conjunction with a recommendation to place a domestic small- to mid-cap equity manager on watch.
The pension plan will consider several alternatives commitments at its board meeting next week.