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The plan terminated an international equity manager that saw a personnel departure last year.
The plans have been working with their incumbent record keeper since 1977.
The search is required per state regulatory requirements.
The plan also recently replaced its domestic mid-cap growth equity manager and is nearing a small-cap value manager hire.
The firm has hired a managing director of special situations.
The strategy exceeded its initial fundraising target of $450 million.
The redemptions stem from qualitative issues within the firm’s investment team.
Firm has hired Christian Roth as cio of global fixed-income.
The retirement system has hired four global multi-sector fixed-income and three passive equity managers in recent months.
The pension plan first issued an RFP seeking one or two separate account managers to establish emerging manager programs for real assets and real estate in January 2023.