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The pension plan eliminated its floating rate bonds target as part of a newly approved asset allocation last month.
The pool issued an RFP for the services in September.
The pension fund approved the search for one or two managers last week.
Christine Chang recently joined Meketa Investment Group as a senior research analyst after serving as an investment officer with the Employees’ Retirement System of the State of Hawaii.
The retirement system moved to a new general investment consultant in the first quarter after cutting ties with its incumbent after roughly 15 years.
The retirement system is also slated to vote on its general investment consultant search next month.
The plan will seek one or two managers to handle a total commitment of $450 million.
Institutional investors prioritize stable investment teams and open communication in addition to consistent performance when evaluating managers.
The plan interviewed three firms for a $7.5 million mandate.
The search comes ahead of the contract expiration of its longtime incumbent.
