The city is searching for a firm to administer and provide investment management services for its pension trust.
The plan will also issue RFPs for global fixed-income and domestic small-cap core equity managers.
The plan currently has two international small-cap equity managers.
The plan now has two investment officers focused on ESG.
The new asset allocation introduces a 6% target to hedge funds.
The search comes as the current ceo is set to retire in March.
The RFPs were approved at last month’s board meeting.
He first joined the firm in 2000.
The redemption is the fourth one this year for the plan.
The city is searching for a firm to provide services for its $70 million portfolio.