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The pension plan’s outsourced cio liquidated 17 investment strategies and transitioned the assets to five CITs in the second quarter.
The plan was scheduled to issue the RFP as it nears the contract expiration of its incumbent.
The plan made manager hires this week after introducing new target allocations of 3% each to infrastructure and international small-cap equity.
The authority received three proposals in response to an RFP issued in April.
The firm also promoted two to managing director on its investment team and added four managing directors to its operations team.
The plan also terminated eight managers as part of a public equity implementation.
He has further advanced the firm’s efforts in the software and healthcare IT segments since joining in 2013.
The plan launched a search in January following the departure of its former executive director.
The pension plan introduced a 2% target to real estate debt as part of a new asset allocation policy adopted last month.
The plan is relaunching the search after contractual agreement with previously selected did not conclude.