The plan hired a new international small-cap manager following interviews that included its incumbent.
The position will oversee the plan’s portfolio analytics and operations.
The search will be for a separate account manager to handle $400 million.
The consultant will be responsible for approximately $100 million in plan assets.
The plan hired a new firm to provide general investment consulting services.
The terminations were approved amid the plan’s ongoing international equity manager search.
The plan was unable to invest in a previously selected manager.
The two incumbents were the only firms that submitted proposals.
The city hired two equity managers and three private markets firms.
The plan selected a manager after interviewing three finalists last month.