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The plan is looking to expand the team managing its absolute return hedge fund portfolio.
The district is seeking to “consolidate providers by implementing a single vendor or a dual vendor solution.”
The retirement fund also disclosed commitments totaling roughly $1.7 billion in June.
The deferred compensation plan also hired a new target date fund provider at a meeting today.
The plan’s investment committee also approved reallocating assets from a Japan equity portfolio at a meeting yesterday.
The hire follows the creation of a 7.5% target to the asset class earlier this year.
The plan also approved $320 million in alternatives investments at this week’s meetings.
The plan’s incumbent domestic small- to mid-cap core equity manager had been gradually underperforming the benchmark.
The hire concludes a replacement search conducted by the retirement system’s general investment consultant in February.
The pension fund approved three commitments to existing manager relationships this week.