The plan is looking to invest $350 million with multi-strategy hedge fund-of-funds managers.
The plan committed to three private equity funds following finalist interviews at a meeting today.
The plan’s current international equity manager recently saw the departure of a portfolio manager.
The plan also narrowed its general investment consultant search to two finalists.
The commitments include first time investments with three managers.
The plan also added several new equity managers to the program.
The plan’s sole emerging markets equity manager was first hired in 2017.
The plan made the decision in closed session of its August board meeting.
The retirement system is seeking an international growth equity manager to handle $200 million.
The plan’s current manager has been under scrutiny due to organizational and personnel changes.