City is seeking investment advisory services on behalf of its $4.2 million 457 and $6.1 million 401(a) retirement plans.
Plan committed up to $17.5 million across two first-time funds last month.
Two new roles will position the firm to capture growing opportunities in the structured products and wealth management channels.
More than half of defined benefit pension plans are bearish on the next year in the markets, according to investment consultant NEPC’s most recent survey.
Retirement fund made real estate debt and private equity commitments at the end of the third quarter.
The county has issued an RFSQ for broker-dealer investment services.
The pension fund’s 3% portfolio to the asset class is currently held in an index fund.
The plan hired two diverse-owned bond managers to complete a search launched earlier this year.
The search was approved at the retirement association’s board meeting on Wednesday.