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The plan is looking to replace Nicole Musicco, who departed at the end of September.
The plan will search for a firm to review its RFP process impacted by recent legislation.
The plan approved retaining up to $10 billion in liquid markets exposure through the program at its investment committee meeting yesterday.
The new consultant was hired at a board meeting today following an invitation-only search initiated earlier this year.
The two finalists were selected yesterday and will interview with the plan’s board in November.
The plan is seeking small- to mid-cap growth and value equity managers as it considers a streamlining of its domestic equity portfolio.
An inverted yield curve historically tends to signal an impending recession.
The new allocation increases its fixed-income target at the expense of domestic equity.
The plan will also receive an infrastructure search report next month.
He will lead Stone-Goff’s origination efforts focused on investment opportunities in coordination with its senior deal-team.