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The selection concluded a search launched in the second quarter.
The decision came as the firm’s performance has been a drag on the plan’s return.
The college savings plan has selected a new manager to handle its international equity portfolio after unsuccessfully appointing a firm in the second quarter.
The university hired a senior investment analyst to help oversee and manage its $2.3 billion endowment.
The college is searching for a managing director for marketable investments after seeking a managing director for private equity earlier this year and hiring a director from a nearby institution.
The university made an award in its search for an investment consultant for its operating funds in the third quarter after launching a search in April.
The plan added approximately $300 million in commitments across August and September.
The plan will interview two finalists next month after narrowing the search from four firms last week.
The plan elevated its core-plus bond manager to watch status.
The plan made real estate and infrastructure commitments at a meeting this month.