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The fund named its new ceo following a search conducted this summer after its previous head retired from the role in May after more than two decades with the organization.
The plan is looking to diversify its domestic large-cap value equity portfolio.
The plan also made $440 million in real assets and private equity commitments at today’s meeting.
The plan will issue an RFP for domestic core fixed-income managers as part of a restructure approved at this week’s board meeting.
The plan committed to four firms that represent new relationships.
The retirement system will hold a special board meeting to vote on its record keeper search after dismissing Executive Director Scott Miller this week.
The pension plan hired a new manager after increasing its domestic fixed-income target allocation in May.
The appointment comes as the former cio has decided to transition away from the role to focus on portfolio management responsibilities.
The plan added a private equity commitment at its October board meeting.
Expansions will help the systems reach their goal of having 15% of U.S.-based actively managed investment assets with diverse-owned firms by 2025 and 20% by 2029.