The search is part of standard state procurement laws.
The city will consider discretionary investment advisors.
The retirement fund adopted the new targets after receiving an asset allocation study at a meeting this week.
The plan committed to two firms after interviews held in closed session.
The investment officer previously worked at the plan’s general investment consultant.
The contract of the current investment consultant is set to expire next year.
The plan hired two private equity firms after finalist interviews last month.
The plan also hired an international small-cap equity manager after finalist interviews.
The search is to potentially replace an incumbent that is currently on watch.
The search follows the termination of its active manager last month.