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The plan has lined up 2026 searches for real assets, real estate and private credit managers.
Generali Investments Holding and Natixis Investment Managers have ended negotiations to combine to create a joint firm with roughly $1.9 trillion in assets under management.
The plan will put more than $14 billion out for bid.
The retirement system will interview three finalists at its February investment committee meeting.
The plan’s emerging markets large-cap core equity manager had been on watch due to underperformance.
The state launched a similar search for services late last year.
The pension system hired a new manager after closed session deliberations at a meeting this week.
The firm has added six members to its leadership team as part of its strategic expansion.
The principal investment officer had been with the retirement association for more than 15 years.
The retirement system approved up to $320 million across two private markets commitments.