The plan will engage in a process to select a new executive director in the coming weeks.
The university has hired its first female cio.
The plan tapped a recently retired deputy from the state’s employees retirement system.
He will help oversee small-cap core and small- to mid-cap equity strategies, the firm said.
Their responsibilities will be assumed by other team members, a spokeswoman said.
The plan’s director of fixed-income and alternatives will become cio in May.
He will help manage the firm’s flagship fund focused on enterprise software, data and technology.
The investment officer retired after 15 years with the plan.
He will introduce institutional consultants to Hermes’ capabilities, a spokesman said.
An American Indian tribe in the West is searching for a director of investments to assist in the oversight and management of its endowment portfolio following the promotion of its cio last month.