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Plan made private equity and real estate commitments totaling approximately $250 million at this week’s meeting.
The plan will receive a search report from its general investment consultant next month after opting to terminate its existing manager, which had been on watch for performance since 2019.
The plan made a follow-on commitment to Belay Investment Group.
City is searching for a record keeper for three of its deferred compensation plans.
He will serve as co-cio before becoming sole cio in the third quarter.
The signatories have a combined total of $4 trillion in assets under advisement and $2.5 trillion in assets under management.
Plan committed $60 million in total to risk parity and private equity buyout commitments this month.
Plan added three private equity and one real estate commitments in the year’s first two months.
Plan added a $3 million real estate commitment to stay aligned with its investment policy statement.
Plan added a pair of managers to split a total of 5% to international small-cap equity.
