The investment firm returned client assets as of April 30.
The search for a manager to handle $30 million was approved at a board meeting last week.
The plan will halve its hedge fund target as it bolsters its U.S. fixed-income portfolio.
The plan will issue the RFP due to the contract expiration of the incumbent.
The plan selected the firm to handle roughly $9 million following finalist presentations at today’s board meeting.
The plan’s board would prefer not to conduct an RFP and instead gather data informally.
The plan has gone across the globe to the New Zealand Superannuation Fund to hire Stephen Gilmore as its next investment head.
The plan made the manager change due to performance issues with the incumbent.
The new consultant will advise the board on asset allocation and provide performance analysis.