The search is for a manager to handle six index funds.
The search is due to the expiring contracts of two incumbents managing a total of $440 million.
The new semi-liquid multi-sector manager will handle a roughly $250 million mandate for the plan.
The plan does not currently have a dedicated manager for emerging markets equity.
The trust fund will consider active management for U.S. small-cap and international developed markets equities.
Plan decided not to fund the mandate due to the ongoing Russia-Ukraine war.
Plan added three private equity and one real estate commitments in the year’s first two months.
Plan will review the emerging market debt space due to the volatility and performance of its incumbent.
Plan is searching for emerging markets and international equity managers.
The institution will consider increasing its target to private equity through the reduction of its allocation to hedge funds as it looks to increase its return.