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The search will seek an integrated consultant for performance and benchmarking measurement.
The investment board has also made up to $1.4 billion in new commitments.
The city last completed a search for the services in 2021.
The rebrand marks the completion of Performance Equity Management’s integration into Sagard’s global middle market private equity platform.
The hire concludes a global search following the retirement of the pension’s last cio.
The retirement system replaced one of its domestic large-cap value equity managers due to concerns about succession planning.
The selected firm will manage the retirement plan’s entire balanced portfolio.
The selected firm’s responsibilities will include investment management and consulting services in addition to financial wellness consulting.
Markets are due for a correction in 2026 after three consecutive years of double-digit returns on most indexes, with a new study finding many institutions are favoring active strategies.
Jones joined the $79.2 billion Teachers’ Retirement System of Illinois as its deputy cio in 2023 following a tenure at general investment consultant Meketa Investment Group as a managing principal and consultant.