The city is seeking investment advisory services for its $1.5 billion investment portfolio.
An RFP was issued in May and the incumbent will also continue advising the district’s defined contribution plan.
The plan is seeking a firm to provide retirement plan administration, record keeping, technology, compliance, employee education and investment platform services.
The plan will interview three investment consultant finalists after issuing an RFP in May.
The searches come as the plan looks to increase the amount of active management in its global equity and U.S. small- to mid-cap equity portfolios.
Avista Capital Partners is rebranding as Avista Healthcare Partners.
The plan added a private equity commitment with an existing manager earlier this summer.
The plan’s investment consultant recommended the termination due to the firm’s underperformance.
The plan stuck with its incumbent after issuing an RFP in February and will review its private markets consultant search in the coming months.
The district plans to invest between $100 million and $200 million under the guidance of the selected advisor.