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The nearly $600 billion plan will eliminate its asset class targets in pursuit of greater flexibility in its investment portfolio.
The plan invested $185 million in a fixed-income strategy last month.
The new hire will lead the firm’s defined contribution distribution team.
The plan is seeking non-discretionary investment consulting services for its more than $500 million alternatives portfolio.
Fundraising surpassed the firm’s goal in 10 months with over $500 million in total commitments.
The firm welcomed back a former team member to co-lead its emerging market debt team.
The plan’s investment committee and general investment consultant recommended a manager change following a search presentation earlier in the year.
The retirement fund terminated the manager due to underperformance.
The retirement system will also receive private markets pacing schedules this week.