The retirement system is cutting ties before its current manager shuts down its alternative equity team.
The plan has now hired a total of 12 new international equity managers this year.
The commitments will target the non-coastal regions of the U.S.
The city is seeking an investment consultant for its two self-insured trust funds.
The board is seeking a firm to assist with its $1.7 billion investment portfolio.
The plan is looking to replace its current manager that has “struggled continuously.”
The plan also received a private markets pacing plan in January.
The retirement fund will fully redeem its active domestic mid-cap value equity mandate due to underperformance.
The retirement system is also watching a hedge fund manager due to underperformance.
The plan last conducted a similar search in 2020.