The city expects to generate a shortlist of candidates to conduct interviews with on July 29.
The plan currently works with general investment consultant CAPTRUST Financial Advisors.
The city expects to select a firm by July.
The city received three proposals in response to an RFP issued on behalf of the plan in February.
The board was notified of a recent domestic high-yield fixed-income manager hire for two of its investment plans.
The incumbent will serve for a three-year term.
The acquisition would allow The Riverside Company to expand Townsend Group’s market position.
The new executive director joined the plan from the International Association of Machinists and Aerospace Workers National Pension Fund.
The firm has added two new members to its U.S. distribution team.
Trinity Street Asset Management is the tenth partner to join iM Global Partner’s global asset management family and distribution network.