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The commission received two proposals in response to an investment consultant RFP issued in August.
The plan expected to begin the search to comply with state regulatory requirements.
PFM Asset Management currently serves as the county’s investment advisor.
The plan has gone across the globe to the New Zealand Superannuation Fund to hire Stephen Gilmore as its next investment head.
Joe Aguilar is the cio for Illinois State Treasurer Michael W. Frerichs, a role in which he directs seven investment portfolios spanning across public and private market investments on behalf of the Illinois Treasury’s combined $56 billion investment portfolio.
The new hire reports to Partner and Defined Contribution Team Leader Bill Ryan.
The plan made the manager change due to performance issues with the incumbent.
The authority is slated to select a firm at its board of commissioners meeting in June.
The searches stem from a new asset allocation and international equity structure review approved in February.
The plan is seeking managers to handle a total of $135 million.