The plan expects to hire a new domestic mid-cap growth equity manager later this month.
The two emerging managers-of-managers were first hired in 2020.
The city is seeking a firm to review the appropriateness, adequacy and effectiveness of its investments.
The plan terminated an international equity manager that saw a personnel departure last year.
The search is required per state regulatory requirements.
The plan also recently replaced its domestic mid-cap growth equity manager and is nearing a small-cap value manager hire.
The redemptions stem from qualitative issues within the firm’s investment team.
The plan’s sole emerging markets equity manager was first hired in 2018.
The plan expected to begin the search to comply with state regulatory requirements.
The searches stem from a new asset allocation and international equity structure review approved in February.