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The new global head of fixed-income will join the firm in August.
The selected firm will also be expected to provide investment services related to record keeping and administration.
Jean Hsu will retire in July after 25 years at the plan.
The plan also eliminated its 20% covered calls and 2.5% REITs targets.
The commitments include a new manager relationship and a follow-on.
The firm has announced a dedicated strategy and team to lead continuation vehicle transactions.
He will be responsible for leading the firm’s institutional fundraising efforts.
The county selected a firm to provide services for its $2 billion in operating and capital funds.
The authority last issued an RFP for investment management services in 2019.
The firm has promoted a staff member to senior managing director to provide education, training, investment management, performance reporting and custody services to foundation and endowment clients in the Western region.