The plan committed to three funds run by new manager relationships.
The plan also named two semifinalists in its general investment consultant search.
The plan will seek a replacement for a manager redeemed last month due to organizational concerns and performance reasons.
The city is searching for a firm to manage its non-pension assets.
The search follows discussions on an underperforming incumbent manager.
The plan first hired managers for the asset class in 2015.
The plan committed to new funds with two existing managers.
The plan’s incumbent consultant was first hired in 2015.
The search is part of a periodic review of managers.
The plan is seeking objective independent investment and administration advice.