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The plan received an international equity structure review at today’s meeting that calls for a public RFP process.
The unified structure will be led by Jude Driscoll, who will become global head of fixed-income and private capital.
The plan terminated its emerging markets equity allocation amid a “challenging environment” for the asset class.
Plan added a $3 million credit commitment last month.
The city is seeking a firm to provide discretionary investment advisory services for its $386 million portfolio.
Trinity Street Asset Management is the tenth partner to join iM Global Partner’s global asset management family and distribution network.
The city conducted a similar search on behalf of four investment portfolios in 2013.
The termination stems from lower than expected real returns and changes to the firm’s team.
The hire completes a search launched last year following a new asset allocation approval.
The fund closed at its hard cap of $3.5 billion.