The plan approved its consultant’s recommendation to implement new equity asset class target weights approved in September.
Traditional publicly traded U.S. asset managers have continued on a steady decline in revenue and assets for a third consecutive quarter.
The district is seeking third-party administrator services for its 403(b) and 457(b) plans.
The city decided to continue with its incumbent investment manager following a search launched in September.
The plan hired a global equity manager to replace its incumbent, which was liquidated this summer.
The city, which has not employed an advisor in the last five years, made the hire last month.
The plan will welcome Kristin Varela as its new cio next month.
The plan will receive a recommendation to restructure its equity portfolios at a meeting this week, including terminating managers.
The search comes as the plan’s initial five-year contract term with its incumbent is slated to expire on May 31.
The plan disclosed several new private markets commitments in its December board meeting materials.