The city is searching for investment advisory and portfolio management services for its $38 million portfolio.
The plan awarded a contract to its incumbent consultant last week.
The plan is searching for an outsourced cio in an effort to generate higher returns.
The retirement plan also terminated a core-plus fixed-income manager.
Two finalists were vying for the contract.
The retirement system interviewed two finalists last month.
The plan’s existing high-yield fixed-income managers had been on watch for performance reasons.
The trust will also consider a core-plus real estate manager in May.
A total of $359 million is up for grabs.
The retirement system approved private markets commitments at its board meeting today.