The system will discuss an implementation plan for the new asset allocation policy next month.
The search is being conducted for best practices.
The trust concluded its investment advisor search with an intent to award issued this month.
Empower Retirement currently provides the services for the city’s deferred compensation and defined contribution plans.
The plan recently made four private markets commitments totaling $325 million.
The fund will also review a high-yield fixed-income manager search request from staff at its June 13 board meeting.
The global head of equities will depart the firm later this month after holding the position since 2021.
The plan made a real assets commitment with an existing manager relationship last month.
The plan will issue an RFP due to the upcoming contract expiration of incumbent Northwest Capital Management.