Plan made $40 million in private equity commitments this month.
Plans expect to award a record keeper contract and discuss the potential replacement of an international value equity manager in September.
New public equity policy targets will help the plan better align with the global marketplace.
Plan’s board committed $160 million to an existing infrastructure manager and was notified of a private equity commitment this week.
Plan committed to direct lending, infrastructure and real estate strategies with existing managers yesterday.
Plan invested with two international equity managers and a direct lending manager yesterday.
Plan expects to receive a recommendation in October.
Plan’s hedge fund committee considered terminating a hedge fund manager and adding two commitments last week.
Plan’s new asset allocation policy will introduce a 10% target to domestic small-cap equity.
City prefers to remain with a single provider for its defined contribution plans.