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The firm will now manage approximately $40 million in the plan’s main portfolio.
The plan hired a firm to assist the board with oversight of investment management functions.
The plan, which has worked with its incumbent since 2002, elected to hire a new consultant yesterday.
They will lead the firm’s fixed-income team alongside the team’s existing CIO.
His co-managers will continue to oversee his strategies.
The two businesses will consolidate into Goldman Sachs Asset & Wealth Management effective Dec. 1.
The system is seeking a retirement plan investment consultant on behalf of its several funds after awarding a maiden contract for the services in 2018.
He oversees the group responsible for interest rate strategy, systematic volatility, liquidity and monitoring systemic risk globally.
The partner will lead the firm’s healthcare group and the principal will focus on cybersecurity.
Plan will consider a search for a complementary manager following a core fixed-income review scheduled for April.