The termination stems from personnel turnover at the firm.
The consultant will be responsible for a pension fund and an OPEB Trust.
The retirement system retained its incumbent after an RFP process last quarter.
The plan is seeking a firm to handle its $511.5 million domestic small-cap value equity option.
The new associate is part of the plan’s public equity team.
The RFP was approved at yesterday’s board meeting to increase the plan’s commitment to private core real estate and to non-core real estate.
The search is open to real estate debt and opportunistic strategies.
The plan is conducting the search for due diligence purposes.
The current consultant will see its contract expire at the end of the year.
The plan approved a new domestic equity structure that shifts the portfolio to 100% passive.