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The departure was “surprising and abrupt” and a replacement has not yet been identified.
The plan was slated to approve two active domestic mid-cap equity manager terminations at a meeting this week.
The plan is looking to hire one manager that is benchmarked against the Russell 2500 Index.
The search follows the plan’s decision to divest its emerging markets equity allocation from Chinese holdings.
The pension plan liquidated its approximately $1.9 billion international equity mandate and made commitments totaling $108 million in April.
The investment consulting firm disclosed the public markets manager research team’s areas of focus for the coming months.
The plan will also receive an update in its ongoing domestic small-cap core equity and global fixed-income manager searches next week.
The plan rehired NEPC as its general investment consultant today ahead of the firm’s 10-year contract expiration.
The pension plan has replaced its domestic core-plus fixed-income manager due to personnel changes and underperformance.