The hire concludes the plan’s search to replace Allspring Global Investments, which was terminated last year due to underperformance.
The termination follows a completed asset/liability study.
The plan also named two semifinalists in its general investment consultant search.
The firm launched an ESG fund targeting U.S.-based companies helping to facilitate clean energy, pollution reduction, energy efficiency and social justice.
The plan increased its fixed-rate debt target by reducing its public equity target last month.
The plan recently committed approximately $2.2 billion total to nine funds.
The search follows the departure of an investment associate that left at the beginning of the year to join a West Coast endowment.
A total of up to $1.5 billion is expected to be awarded in the search.
The plan rehired its incumbent after interviewing four total firms today.
The plan will look to hire maiden ACWI-ex U.S. large-cap core and small-cap equity managers.