The plan retained its incumbent domestic small-cap core equity manager after conducting a search that yielded 52 responses.
A total of four consulting contracts will be up for bid.
The upcoming search will seek potential replacements for the plan’s incumbent, which handles $477 million.
The search is being conducted in accordance with state procurement requirements.
The plan also approved a new international equity structure and a real estate pacing plan at today’s board meeting.
The asset class would be new for the two plans.
The plan has hired a new executive director after the role was vacant for four months.
The departure was “surprising and abrupt” and a replacement has not yet been identified.
The plan is looking to hire one manager that is benchmarked against the Russell 2500 Index.
The search follows the plan’s decision to divest its emerging markets equity allocation from Chinese holdings.