The plan first hired Highclere International Investors in 2019.
The investment committee approved selections after interviewing three finalists today.
A total of three firms will be interviewed at a special board meeting this week.
Plan terminated its passive fixed-income manager to improve historical risk-adjusted performance.
Selected firm was one of three candidates.
Program is seeking up to two firms to handle four investment options.
Plan approved a new asset allocation policy that addresses the current marketplace.
Plan’s passive investment exposure will now be with one manager.
Plan added infrastructure and private equity buyout commitments at today’s meeting.
The search is for a manager to handle six index funds.