The searches result from a new domestic equity structure.
The plan hired its incumbent for a new seven-year term.
The plan also held finalist interviews with three large-cap value equity managers last month.
The plan conducted a liquid credit manager search after approving a new asset allocation policy earlier this year.
The two firms will have more than $1.8 trillion in assets under advisement.
The plan conducted a liquid credit manager search after approving a new asset allocation policy earlier this year.
The two manager terminations stem from underperformance, asset outflows and high fees.
The current director is leaving next month for a neighboring plan.
The search is part of a 2024 pacing commitment plan.
The plan approved the search last month to comply with state procurement requirements.