The city is searching for advisory services for its five investment accounts with more than $1.1 billion in assets.
The retirement system made two commitments last month for diversification purposes.
The retirement association is conducting the search to neutralize the portfolio’s value tilt.
The retirement system will interview two firms to potentially replace its $80 million international large-cap value equity mandate.
The retirement system concluded a search to replace its incumbent small-cap growth equity manager.
The firm will provide consulting services for the county’s combined portfolios.
The plan will commit a total of $73 million to four asset classes next year.
The plan also replaced its discretionary private equity and private credit consultant.
The retirement association began a search over the summer after increasing its long duration credit target.
The city is seeking one or more firms to manage its eight investment portfolios.