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The city is seeking non-discretionary portfolio management services on behalf of its $1 billion portfolio.
The search is on behalf of the authority’s money purchase pension plan and trust.
The plan will search for active and passive strategies for a total of up to $1.3 billion.
The pension plan will issue the RFP in September as its current contract has exceeded five years.
The fixed-income research head has been with the firm since 2020.
The pension plans received seven submissions in response to a joint RFQ issued in October.
The plan is moving to a new investment consultant after a 15-year tenure with its incumbent, as recommended by staff.
The retirement system has worked with its incumbent general investment consultant since 2009.
Sound Point Capital Management has closed its third fund with $1.5 billion in total capital commitments.
The plan approved the two manager searches at a board meeting yesterday.