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The trust hired an active manager for domestic small-cap equity in lieu of a Russell 2000 Index Fund investment.
The plan committed a total of $45.5 million last month.
The terminated manager has been on and off the plan’s watch list since 2018 for personnel turnover.
The selected firm will provide services to the plan through Oct. 31, 2027.
The plan is seeking a replacement for Allspring Global Investments, which was terminated at the plan’s March 24 retirement commission meeting.
The fund will focus on equity investments of $50 million to $250 million.
The fund partners with founders and management teams to transform businesses and accelerate growth in the food sector.
Authority is searching for a firm to manage $386 million in fixed-income assets.
Consultant relations work has become a challenge in a hybrid work environment.
This year hasn’t had 2021’s high-profile announcements, but trends say colleges are likely avoiding coal, oil and gas — whether they trumpet it or not.