The search is part of a state-mandated evaluation of existing managers.
The company had been exploring ways to best preserve and maximize its over-funded status.
The plan recently trimmed its active roster by one to fund the new hire.
The city is looking for an investment manager for its deferred compensation plan.
The plan also interviewed three core managers to potentially handle the mandate.
The plan also added a maiden global equity allocation target.
The pension plan will interview three firms at its April board meeting.
The firm also lost its ceo earlier this year.
The commitments include five new relationships for the plan.
The retirement plan currently has four global equity managers.