Real Assets
The plan also received a trustee request for a competitive bid process for investment consulting services.
The retirement system is working with its general investment consultant to conduct a search for strategies.
The retirement system created a 3% target to the asset class in February.
The retirement system will interview two sets of finalists next month.
The retirement system hired a new investment consultant after interviewing four finalists this week.
The plan hired Barings to manage two customized funds.
The retirement system hired a global equity manager to handle $500 million and added two commitments with existing manager relationships last week.
The pension fund is seeking a manager to handle a diversified real assets strategy that must include commodities, precious metals and infrastructure/real estate.
The fund will also review a high-yield fixed-income manager search request from staff at its June 13 board meeting.
The plan made a real assets commitment with an existing manager relationship last month.