The firm added three new hires and promoted an associate to v.p. this month.
The search for a new investment officer stems from the plan’s increased workload.
She has left the firm to join Alliant Retirement Services.
The plan will reduce its total alternative and equity targets to fund the new asset class.
T. Rowe Price Associates has served as the plan’s bundled provider since 2017.
The plan first hired its incumbent general investment consultant in 2008.
The plan will receive replacement options at its Sept. 7 board meeting.
The plan last retained its general investment consultant in 2017 and has worked with its incumbent record keeper for 10 years.
The plan’s hedge fund committee approved an investment last week that will occur in either the fourth quarter or first quarter.
The plan hired a new global equity manager to handle a $500 million mandate and added 13 other commitments last month.