The hires conclude a strategic fixed-income implementation plan.
The plan will seek active mid-cap equity managers to handle up to $2 billion.
The plan approved a maiden 5% allocation to infrastructure at a meeting last week.
Plan’s investment committee approved a pair of real assets commitments subject to full board approval next week.
The plan will interview six firms in November as part of two ongoing real asset manager searches.
Plan will retain its existing investment consultants as the result of a search launched last quarter.
Hires stem from a newly adopted asset allocation.
The plan invested $1.2 billion total in three global growth equity managers during the second quarter.
The plan liquidated two of its active domestic large-cap growth equity mandates in an effort to consolidate the portfolio.
The plan will review an asset allocation study that may introduce two new sub-asset classes next month.