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.
The firm underperformed for two consecutive calendar quarters.
The selected investment consultant will assist with an upcoming record keeper search.
The RFPs will seek managers to handle 10 different strategies.