The plan will hear from a total of 10 managers in its global equity and private equity searches.
The RFP will be issued on the plan’s website “shortly.”
The changes stem from a new global equity manager structure.
The incumbent international large-cap value equity manager had been on watch due to underperformance, asset outflows and organizational changes.
The search is being conducted to comply with standard state procurement laws.
The plan is searching for index managers to handle $10.5 billion.
The plan selected two international small-cap value equity managers to conclude its search for a firm in the fourth quarter due to underperformance from the incumbent.
The plan’s outsourced cio hired global large-cap growth equity and Russell 2000 Index fund managers in the first quarter.
The search for core and core-plus managers is being recommended as part of a 2024 pacing plan.
The retirement system could not come to an agreement with its previously hired manager.