The plan is required to go out to bid every seven years.
The plan intends to issue RFPs for active core fixed-income and domestic small-cap value equity managers next month.
The plan is considering shifting its small- and mid-cap manager relationships as part of a broader discussion about the domestic equity portfolio.
The plan last conducted a similar search in 2016.
The retirement has led to at least one plan placing the firm on watch.
The plan is seeking passive large-cap equity providers and is also interested in firms with passive small-cap offerings.
The retirement system’s general investment consultant will return to next month’s board meeting with an international small-cap equity search.
The plan is seeking global and international small-cap and small- to mid-cap equity managers after approving the RFP last week.
The board was notified of two recent equity manager terminations and a new private equity commitment.
The pension plan hired a new domestic small-cap growth equity manager to replace its incumbent due to underperformance.