The new consultant was hired at a board meeting today following an invitation-only search initiated earlier this year.
The two finalists were selected yesterday and will interview with the plan’s board in November.
The plan received information on a total of 15 managers at its meeting today.
The upcoming retirement was disclosed at a pension board meeting today.
The retirement system approved a $35 million commitment to a middle market senior loan fund at its board meeting yesterday.
The retirement system is looking for a firm to provide general consulting and alternatives consulting services to its board.
The plan selected a new mid-cap growth manager over four other finalists to replace Allspring Global Investments at its August board meeting.
The plan hired a new manager to handle roughly $37 million at its board meeting last week following a recommendation from its general investment consultant this summer.
The plan will fund the new active manager from its index allocation.
The plan interviewed four finalists at its board meeting this week.