The plan is looking to refresh its pool of bank loan managers.
The plan invested $1.2 billion total in three global growth equity managers during the second quarter.
The plan is looking for a firm to produce investment due diligence and/or operational due diligence reports on an as-needed basis.
The new cio fills a role open for over a year following the previous cio’s retirement.
The firm will manage a 5% allocation to emerging markets that will be funded from hedge fund-of-funds and managed futures.
The plan approved a new long-term asset allocation at its investment committee meeting last week.
The plan hired a new domestic small-cap value equity manager at its board meeting on Friday following a shortlist search.
David Villa had served as the cio of the $145 billion plan since 2006.
Board members expressed concern with the plan’s exposure to office and retail moving forward.
FIN News publication Emerging Manager Monthly has launched a new directory of diverse asset managers that can be accessed at www.diversemanager.com.