The plan’s full board will approve the investment committee’s commitments this week.
The retirement fund expects to discuss the search for Brian Collins’ successor at its Feb. 27 board meeting.
The search is expected to conclude in the second quarter.
The pension fund swapped domestic mid-cap value equity managers due to underperformance from the incumbent.
The retirement fund also approved an infrastructure pacing plan earlier this month.
The retirement fund added a pair of commitments to existing manager relationships last month.
The pension system is scheduled to hear a proposed U.S. equity structure this week that would concentrate assets with a “fewer number of higher conviction strategies currently in the portfolio.”
The new appointment went into effect yesterday.
Kinterra Critical Materials & Infrastructure Opportunities Fund II closed at its hard cap of $950 million.
The city is seeking one or separate firms to handle distinct investment advisory and municipal financial product advisory services.