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.
The plan retained its incumbent in 2020 following a similar search.
The investment consultant was also rehired in 2019 following a similar RFP process.
The plan terminated its incumbent mid-cap core manager last month.
The plan will also terminate two existing hedge fund managers.
The retirement system is looking to invest up to $15 million to the strategy.
The plan also made two private equity commitments at its board meeting today.
The retirement system also recently hired a new international growth equity manager.