The search is for an individual to oversee the city’s two pension funds totaling more than $7.5 billion.
The plan approved a $50 million commitment at its board meeting today.
The plan also made a $50 million long/short equity investment last month.
The retirement fund has issued RFPs for a general consultant as well as an alternatives consultant to advise on private equity, credit, real estate, real assets and hedge funds.
The plan is looking for a replacement to longtime CIO Christopher Ailman.
The pension tapped its deputy executive director to take over the lead role.
The firm has nearly $100 billion in institutional assets under advisement across 728 clients.
The firm offered its views on this year’s market opportunities in a 2024 market preview webinar this week.
The plan will transition to the new general consultant by the end of the quarter.
The retirement system is expected to approve the search at its February board meeting.