The retirement system selected a new manager following three finalist interviews held last week.
The retirement fund terminated three managers at last month’s investment committee meeting.
The search stems from a manager termination approved in September.
The city is seeking the services on behalf of its $8 million 457 deferred compensation plan.
The plan’s existing large-cap growth manager had underperformed.
The retirement system is scheduled to select three finalists in its international equity manager search next week.
Fund IV marks the firm’s largest today at $309 million in equity commitments.
The retirement system will shift planned searches for bank loan and high-yield managers into a single search for multi-asset credit managers.
Firm has appointed James Griffin as its new head of global liquidity distribution.
This week’s hire complements an existing emerging markets equity manager as part of an ongoing international equity portfolio restructure.