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The Ivy League institution’s tax bill starting next year will be higher than what it spends on student aid, university officials said.
The manager had been on watch since last December due to underperformance.
The plan discussed the RFP at its emerging manager subcommittee last month.
The plan promoted from within for a director to lead and manage the SISS team.
The retirement system also added two private credit commitments in the third quarter.
The pension fund tapped Uri Monson from the state’s budget office to take over the executive director role.
A search was launched in October due to the impending contract expiration of the city’s incumbent.
The pension plan added $79 million in commitments this week.
The county has issued an RFP seeking fiduciary consulting services for its $31.6 million in deferred compensation assets.
The retirement fund placed three underperforming investment managers on watch in September.