The city received five proposals in response to its RFP seeking investment management services.
The retirement system’s outsourced cio recently terminated a global large-cap core equity manager due to underperformance.
The retirement fund disclosed nine commitments totaling $1.2 billion in May.
The retirement system will consider options to replace its investment in Wellington Management Company’s Wellington Opportunistic Investment Fund, which is closing.
The retirement system was scheduled to consider domestic large-value equity alternatives to incumbent GAMCO Investors due to concerns over succession planning.
The transaction is expected to close early next year.
The firm’s new partner focuses on sourcing, structuring and managing infrastructure debt investments throughout the Americas.
The retirement system recently added four private markets commitments totaling $32.6 million.
The pension plan has concluded an investment advisor search launched in May.
The pension plan has replaced its domestic mid-cap growth equity manager due to underperformance.