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The city, which has been reinvesting matured investments in the State of California’s Local Agency Investment Fund, hired a firm in September.
The firm closed its third commercial real estate debt fund with $600 million.
The plan is looking for non-core fixed-income strategies enhance its portfolio.
The plan is conducting the search to comply with state procurement laws.
The plan moved an emerging markets equity mandate to a passive account while it determines its long-term direction for the assets, which could ultimately remain passive.
The city is also looking to establish a deferred compensation committee as part of the RFP process.
Multi-boutique manager platform Spouting Rock Asset Management has agreed to acquire Stewart Asset Management.
The city hired two firms to manage a portfolio made up of cash, enhanced cash and fixed-income in July.
The plan hired Meeder Investment Management for its $529 million in funds.
The plan’s new investment officer joins from an East Coast pension fund.