The managing director retired after more than 20 years at the firm.
The retirement system does not currently utilize an investment consultant.
The retirement system is looking to index its international equity portfolio.
The plan will put three mandates out for bid next year.
The firm has underperformed its benchmark for the quarter as well as the one- and three-year time periods.
The plan interviewed five total private equity firms last quarter.
The firm underperformed in all time periods since inception.
The plan conducted a search to replace an emerging markets equity mandate.
Three firms submitted proposals to the plan’s equity index RFP.
The plan will put more than $14 billion out for bid.