The plan also made a real estate commitment at today’s board meeting.
The city rehired its incumbent following a similar search in 2022.
The plan also lost its executive director to a neighboring retirement fund.
The pension fund interviewed three finalists at a special board meeting this week.
The commitments made earlier this month include a first-time manager for the plan.
The plan lost its deputy cio to another state pension fund last year.
The search is part of an asset allocation implementation plan.
The retirement system has approximately $159 million allocated to its incumbent managers.
A total of 23 firms submitted proposals to the retirement system’s domestic large-cap core equity manager search.
The retirement system terminated its incumbent domestic small-cap core equity manager earlier this year.