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The plan also promoted two analysts to associates this month.
The hires follow an RFI issued last month for managers to handle more than $1 billion.
The city is seeking a firm to actively manage a portfolio of up to approximately $100 million.
The township is searching for administration, record keeping, investment, participant education, financial guidance and related services.
The city is seeking investment advisory services for its approximately $90 million investment portfolio.
The plan is looking to eliminate the $1 billion portfolio in favor of illiquid credit.
The plan’s previous third-party administrator search resulted in a manager change.
The pension plan also removed its domestic core fixed-income mandate from watch last month.
ACORE Opportunistic Credit II closed with more than $1 billion in commitments.
The city received two proposals in response to an RFP issued in July.
