The plan has issued an RFP seeking a domestic large-cap growth equity manager to handle $34 million.
The city, which has been reinvesting matured investments in the State of California’s Local Agency Investment Fund, hired a firm in September.
The plan hired Meeder Investment Management for its $529 million in funds.
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.