The retirement system is looking to invest in the asset class for the first time.
The plan interviewed a total of six strategies last week.
The search is due to performance concerns with the retirement system’s two incumbent large-cap value managers.
The plan disclosed recent activities from its investment committee meeting this month.
The asset class would be new for the plan.
The plan interviewed three finalists in closed session at yesterday’s board meeting.
The plan also recently concluded its non-U.S. equity manager searches.
The retirement system doubled its target to value-add real estate at a board meeting today.
The plan also terminated a high-yield fixed-income manager in the first quarter.
The plan hired within its organization for its next executive director.