The retirement system approved a contract with a domestic core fixed-income manager last month.
Fifth Third Bank and Nuveen currently provide investment management services for the city.
The firm will open a new office in West Palm Beach, Fla. on Aug. 1.
The retirement plan terminated a global macro hedge fund manager in the first quarter.
The new chief marketing officer joined the firm from American Century Investments.
The city expects to award a contract in October.
The trust may have transitioned its two active international equity investments to a passive non-U.S. core index fund.
The pension plan also made a private equity commitment for pacing purposes last month.
The pension plan terminated two domestic equity managers in the second quarter.
The retirement system also made three commitments at its investment committee meeting last week.