The plan has also terminated an underperforming international equity manager.
The plan has placed a domestic small-cap value equity manager on watch due to consistent underperformance.
The managing director had been a key person for at least one public pension client.
The new hire will provide institutional expertise in private markets to individual investors.
The plan’s current consultant will see its contract expire.
The retirement system last conducted a similar search in 2018.
The searches are open to growth and value equity managers.
The plan is seeking general and private markets consultants for due diligence purposes.
The plan is set to commit $700 million to private credit this year.
The city last conducted a similar search for its retirement plans in 2017.