City is seeking an investment manager to maximize earnings safely while meeting daily cash flow needs.
New director of institutional business development joins from Lazard Asset Management.
Plan disclosed $415 million in recent alternatives commitments from December.
The plan has scheduled a meeting with a manager after placing the firm on watch this quarter.
The plan added up to $340 million in commitments to existing private equity and real estate manager relationships.
The plan added up to $1.625 billion in new commitments at last week’s meetings.
Authority has issued yearly RFQ for investment management services.
The firm closed its third commercial real estate debt fund with $600 million.
The plan moved an emerging markets equity mandate to a passive account while it determines its long-term direction for the assets, which could ultimately remain passive.
The city is also looking to establish a deferred compensation committee as part of the RFP process.