The pension plan approved four commitments totaling $195 million at last week’s investment committee meeting.
The hire concludes a search launched in May for best practices.
The city expects to award a contract by Dec. 1.
The retirement system has terminated one of its global equity managers, which had underperformed.
The new hire most recently served as a senior portfolio manager at the State of Wisconsin Investment Board.
The partnership will initially focus on developing scalable investment solutions in infrastructure.
The firm recently added a managing director to its investment team.
The deferred compensation plan has replaced its domestic large-cap core equity manager, which had been on watch due to underperformance.
The transaction is expected to close on Jan. 1.
The water authority retirement plan replaced its domestic core-plus fixed-income manager in May due to underperformance.