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The new structure will result in manager terminations and searches.
The retirement system disclosed infrastructure and credit commitments totaling $300 million at today’s board meeting.
The plan approved the search at a board meeting earlier this week.
The plan is looking for non-emerging, emerging and emerging managers-of-managers.
The position will oversee a nearly $7.5 billion portfolio.
The retirement system’s existing consultant will see its contract expire on Dec. 31.
The city issued a record keeper RFP on behalf of the plans in December.
The retirement system approved two infrastructure commitments at its investment committee meeting yesterday.
The retirement system is searching for active diversified commodities investment management services.
The global alternative investment firm’s new co-cio originally joined the firm in 2014.