The plan conducted a similar search for the services in 2017.
The authority is seeking investment advisory services for its $29 million 457 and $2.9 million 401(a) retirement plans.
The plan interviewed three finalists at its board meeting last week.
The plans’ current consultant was most recently hired in 2020.
The search is part of a state-mandated evaluation of existing managers.
The new hire is based DoubleLine’s Los Angeles office.
The ceo will retire after over 30 years with the firm.
The new president has been with the firm since 2020.
The plan also approved a $50 million investment with a new manager within its public equity portfolio at its February board meeting.
The company had been exploring ways to best preserve and maximize its over-funded status.