The plan also terminated an active domestic large-cap growth equity manager in December.
The plan will conduct the search due to the upcoming contract expiration of its current consultant.
The plan is seeking an individual to assist its private markets director.
The commitment is part of the retirement system’s annual pacing plan that will target three to four managers.
The commitments were made with five existing managers.
The city is seeking a firm to manage a portion of its cash portfolio.
The hires will conclude an RFP process that began in January.
The commitments include a first time relationship for the plan.
The retirement system will conduct searches for international small-cap equity, high-yield fixed-income and bank loan managers.
The searches are required to comply with state procurement requirements.