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.
The plan will look to evaluate the marketplace for lower management fees, with an emphasis on Collective Investment Trust vehicles.
The plan chose the firm over finalist State Street Global Advisors and committed to three private equity managers this week.