The city is seeking services for its investment portfolio ranging in assets from $950 million to $1.2 billion.
The plan received an international equity structure review at today’s meeting that calls for a public RFP process.
The unified structure will be led by Jude Driscoll, who will become global head of fixed-income and private capital.
The termination stems from lower than expected real returns and changes to the firm’s team.
The hire completes a search launched last year following a new asset allocation approval.
The plans launched a search in February due to the contract expiration of their incumbent.
The authority issued an RFQ in February after previously hiring its incumbent in 2018.
The city is seeking a firm to provide services for its two investment funds.
David Baron and Michael Baron have been named co-presidents of Baron Capital as Linda Martinson will step down in June.
The outgoing director has been with the plan since 2014.