The retirement system previously authorized a change to its $37 million investment with the hedge fund manager at a Feb.19 meeting.
The associate research analyst joined the firm from Harris Associates.
The program will also invite its domestic mid-cap growth equity manager to present at a future board meeting with the intent of placing the firm on watch due to underperformance.
The city has yet to determine a date for final selection.
The village votes on a recommendation at its Oct. 17 board meeting.
The deferred compensation plan also received proposals from Fiduciary Consulting Group, NFP Retirement, SageView Advisory Group and USI Consulting Group.
The plan first hired the firm in 2018.
The retirement system also made several changes to its public equity and real estate portfolios last week.
The last record was previously set at $23.6 trillion in 2021.
The retirement system approved a real estate commitment with an existing manager relationship in July.