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.
The plan is looking to potentially replace its incumbent due to performance issues.
She leaves after less than two years running the investments for the country’s largest defined benefit pension plan.
The plan promoted from within in hiring its first female real estate director.
The plan will work with Precision Pension Administration.
The new hire is responsible for business development and consultant relations in North America.
The plan has not made a new commitment to private equity since 2014.