The international small-cap growth equity manager underperformed and experienced asset outflows as well as organizational changes.
The retirement system’s sole REIT manager handles $17 million.
The colleges retained its discretionary investment advisor for its final contract extension at a May board meeting.
The commitments include a new relationship for the plan.
The city last conducted a search for the services in 2024.
The plan is seeking to consolidate to one provider from its current three through an RFP process.
The plan will seed a new strategy headed by a former senior managing director.
The pension system added up to $175 million in new commitments in April.
The pension fund may receive a recommendation on more specialized managers in the asset class later this summer.
The retirement association was notified of two real estate commitments and one private equity commitment last week.