The search was first discussed at the plan’s May board meeting.
The plan is looking to invest $200 million with multiple investment managers.
The plan also opted to retain its general investment consultant following a search process.
The plan will look to terminate its emerging market debt manager at a meeting tomorrow.
The deferred compensation plan replaced its international large-cap value equity manager in the fourth quarter due to underperformance.
The firm had been on watch since the first quarter of 2024.
The pension plan made commitments totaling $110 million last week.
The retirement system will consider placing its international small-cap core equity manager on watch at Friday’s board meeting.
The retirement system has approximately $159 million allocated to its incumbent managers.
The pension fund made the decision following a search presentation from its general investment consultant in April.