The plans initially hired the firm in 2014.
The plan will conduct an active domestic mid-cap value equity manager search as part of the second phase of its equity structure review.
The commitments were made for pacing purposes.
The plan moved three of its index funds with Vanguard Group to index funds with Fidelity Investments.
City selected a firm over the $488.1 billion California Public Employees’ Retirement System.
The new liquid multi-sector manager will handle a roughly $375 million mandate for the plan.
The plan increased its real estate allocation to improve returns.
The current retirement plan administrator is retiring on Nov. 1.
The consultant will conduct an asset/liability study and develop an in-state equity program for the plan.
The plans expect to issue a third-party administrator RFP in the second quarter and recently decided to replace emerging markets core equity manager Lazard Asset Management.