The plan is declining to comment on its relationship with its general investment consultant following release of an internal investigation report this week.
The plan will receive finalist presentations from three liquid multi-sector credit managers and three semi-liquid multi-sector credit managers over the next two months.
LPs like emerging managers as a source of outsized returns. However, LPs also view them as risky, and the decision to back a new team is made tougher when incumbents are returning to market quicker and with many products.