The plan, which eliminated target allocations and terminated a manager within its stable value fixed-income option today, will see its executive director depart on Dec. 2.
The plan recently committed $348.5 million total to two existing managers and terminated a high-yield fixed-income manager.
The plan first hired the domestic large-cap growth equity manager in 2012.
The plan will seek a core fixed-income manager next year and recently terminated a REIT manager to fund a new private real estate mandate.
The plan hired two separate account managers for its global equity emerging manager program after increasing the program’s allocation range this week.
The plan’s general investment consultant “was unsuccessful in reaching legal terms” for a previously approved follow-on private credit commitment.
The plan increased the allocation range for its global equity emerging manager program by 5% this week.
The plan replaced its $77.5 million Asian all-cap equity mandate with T. Rowe Price Associates last week.
The general investment consultant was last hired following a similar search process in 2016.