A total of four firms were interviewed at a board meeting today.
The city is looking for a discretionary manager for its $350 million portfolio.
The plan is looking to invest $350 million with multi-strategy hedge fund-of-funds managers.
The plan committed to three private equity funds following finalist interviews at a meeting today.
The plan’s current international equity manager recently saw the departure of a portfolio manager.
The plan also narrowed its general investment consultant search to two finalists.
The commitments include first time investments with three managers.
The plan also added several new equity managers to the program.
The plan’s sole emerging markets equity manager was first hired in 2017.
The plan made the decision in closed session of its August board meeting.