Plan is seeking broad emerging markets strategies as well as those focused solely on Chinese and Indian equities.
The investment committee approved selections after interviewing three finalists today.
The institution approved increasing its investment with an existing equity manager for the third time in over a year after first hiring the firm in early 2020.
The plan terminated its international small-cap equity manager after closed session discussions.
A total of three firms will be interviewed at a special board meeting this week.
The plan elected to split a 2.5% allocation to marketable alternatives between two firms last month.
The new manager will complement the plan’s existing emerging markets core equity mandate with Wellington Management Company.
Plan received only one response to an RFP issued last month.
Plan will take a deep dive of the international equity space for potential options after placing a EAFE value firm on watch today.
The plan terminated an underperforming manager and added three private markets commitments.