Plan expects to narrow its global low volatility search to finalists for interviews next month after an initial cutdown of proposals.
The largest change was a 5% reduction to the plan’s multi-sector credit allocation.
Plan has issued an RFP for general investment and private assets consulting services after postponing a previous search in 2018.
Plan retained both private credit and hedge fund consultants following a search conducted last year.
The city’s five systems approved allocations to public equity climate change solutions on Friday.
Plan is seeking a pool of domestic large-cap equity managers as part of an RFP issued this month.
Recommendation comes according to a preview of several to the agency’s Asset Management Advisory Committee presented on Friday.
Plan added a $40 million commitment to an existing minority- and women-owned investment firm and made several changes to its watch list this week.
Search follows one most recently conducted in 2016.