The approval comes as the plan’s five-year contract with its current consultant is ending.
The plan and the cio mutually agreed to a departure.
The plan also terminated eight managers as part of a public equity implementation.
The plan is relaunching the search after contractual agreement with previously selected did not conclude.
The plan adopted a new asset allocation last month.
The city is seeking a manager to handle its $45 million in non-pension assets.
The search is due to the June 30, 2025 contract expiration of the plan’s incumbent.
The plan also disclosed two new commitments.
The plan promoted from within to replace outgoing global head of private equity.
The commitments were made for pacing purposes.