The plan also renewed several of its investment consulting contracts at today’s board meeting.
The plan also delegated investment authority to its executive director.
The retirement plan received three submissions to its RFP issued earlier this year.
The position was left vacant last year after a departure.
The search is required due to state procurement law requiring an RFP every seven years.
The hires followed closed session deliberations.
The investment pool’s incumbent investment advisor is nearing its contract term.
The plan is seeking a firm to replicate the MSCI EAFE Index.
The city is seeking investment consulting services for its more than $1.3 billion in trust fund assets.
The managing director hails from the private sector.