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The pension plan terminated its domestic small- to mid-cap core equity manager in August due to underperformance.
The pension plan approved four commitments totaling $195 million at last week’s investment committee meeting.
The firm has seen record growth in recent years, including onboarding 292 advisors to both new and existing practices across its network in 2023.
The searches follow a review of the overall asset class this week’s meetings.
The plan swapped out an underperforming international equity manager at a meeting this week.
He will help evaluate, analyze and monitor investments made by the firm.
The plan approved a search last year to complement its existing international equity managers.
The search comes after the plan voted to increase active management in its global equity portfolio.
The hire concludes a search launched in May for best practices.
The investment consulting firm’s president is leaving the firm at the end of the month for a global leadership role at a financial services firm.