The retirement system introduced TIPS and eliminated its low volatility and public real assets targets as a result of a new asset allocation policy.
The deputy cio has resigned after a nearly 20-year career at the plan.
The search for due diligence purposes and the plan currently has three incumbent managers.
The retirement system is monitoring its domestic small-cap core equity manager for performance reasons.
The plan also terminated an emerging markets equity manager for performance reasons.
The new structure will result in manager terminations and searches.
The plan approved the search at a board meeting earlier this week.
The position will oversee a nearly $7.5 billion portfolio.
The retirement system has issued separate RFPs for small-cap value and small-cap growth managers.
The plan’s current real assets manager was first hired in 2018.