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The acquisition will create a $571 billion diversified global asset manager.
The firm recently added three new members to its investment team.
The former director had been with the retirement system since 2013.
The pension fund added a $10 million commitment to a new manager relationship this month.
The deferred comp plan’s investment consultant will present an international large-cap value manager search report at next week’s meeting.
The firm announced the first close for its latest alternative credit investment strategy exceeding $1 billion in new capital commitments.
The fund will consider increasing portfolio leverage at its next board meeting as it also looks to reposition its venture capital program to exploit new market opportunities.
The city retained the incumbent investment advisor for its approximately $67.2 million in portfolio holdings.
The two international equity managers were placed on watch for performance reasons.
The foundation is looking to hire a v.p. of finance and investments to manage its fiscal and investment responsibilities.