The retirement fund’s investment committee also restructured its domestic equity portfolio to help meet impending sustainability goals.
The pension plan replaced its domestic large-cap growth equity manager in the second quarter due to underperformance.
The retirement fund’s investment committee will interview three finalists in a $737 million search next week.
The searches include a maiden domestic small- to mid-cap equity mandate.
The retirement system was scheduled to consider domestic large-value equity alternatives to incumbent GAMCO Investors due to concerns over succession planning.
The plan will reduce its domestic large-cap growth exposure by eliminating an existing manager.
The deferred compensation plan is looking to create a bench of qualified investment managers.
The retirement system launched a domestic small-cap growth equity search in April.
The pension plans had been expected to move a portion of a previously terminated U.S. all-cap value equity mandate to the new small-cap value manager.
The foundation added international equity, domestic equity, high-yield bond and infrastructure investments to its portfolio during the second quarter.