The search is being conducted due to the closure of one of the retirement system’s investments.
The retirement system conducted a similar search in 2018 that resulted in a manager change.
The hire concludes an RFP process that began in January.
At least one client will explore alternative options next month.
The retirement system also recently made two private markets commitments.
The retirement fund also hired an emerging markets equity manager last week.
The plan recently made $285 million in private markets commitments.
The plan received an infrastructure search report that included two candidates at today’s meeting.
The retirement system will interview the finalists at its December finance committee meeting.
The commitments include two new manager relationships for the council.