The plan hired a core infrastructure manager to move closer to its 3% infrastructure and natural resources target.
The plan chose the firm over finalist State Street Global Advisors and committed to three private equity managers this week.
The plan will consider core-plus real estate strategies after delaying a commitment over concerns with the fund’s allocation to the single-family rental home sector.
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.