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The plan rehired its investment advisor following a search launched this summer.
The plan will conduct three manager searches in the next three to six months.
Two other managers will assume his responsibilities.
The new hires include a head of marketing and communications, four principals and a v.p.
The promotions include three new partners, a partner and cfo, a principal and a v.p.
The previous CIO has been named President and CEO.
Plan terminated its domestic small-cap value equity manager due to the firm’s investment team spinning out to form a new entity.
The plan disclosed a $200 million direct lending commitment earlier this month.
Five-member value team expects to officially spinout as a new, Boston-based firm in the first quarter.
The plan committed a total of $175 million to two funds and hired an unnamed domestic equity manager at its meeting last week.