The city’s two retirement plans terminated an underperforming manager last month.
The plan doubled its value-add real estate target allocation over the summer.
The plan is set to receive an infrastructure pacing plan at a board meeting tomorrow.
The deferred compensation plan’s incumbent stable value fund manager will see its contract expire next year.
The commitment is part of the retirement system’s pacing schedule for the asset class.
The retirement system will interview the firms in November for $1.3 billion in total mandates.
The firm will provide investment consulting services for the county’s soon-to-be merged asset pools.
The plan is considering a 4% dedicated allocation to private investment grade credit.
The plan added an investment officer to its $3.6 billion real assets portfolio.
The search comes after the plan placed its incumbent manager on watch.