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The investment firm returned client assets as of April 30.
The redemption followed a new asset allocation approved last month that lowered the plan’s real estate target.
The pension plan’s cio recently approved two real assets commitments.
The city is seeking firms to provide investment advisory and/or management services.
The plan hired a new core fixed-income manager in March to replace an underperforming core-plus incumbent.
The city has never utilized a firm for the services and the manager will handle a portfolio of roughly $70 million.
The commitment is part of an annual private equity pacing schedule.
The hire represents a homecoming for the plan’s new deputy director.
The search stems from the upcoming Jan. 31 contract expiration of incumbent Empower Retirement.
The fund has added fixed-income, bank loan, international equity and private equity investments to its endowment in recent months as it builds toward a new strategic asset allocation adopted in the first quarter.