The plan will conduct a global multi-sector fixed-income search after establishing a new allocation to the asset class at a meeting yesterday.
City has issued an RFP seeking administration and investment services on behalf of its $121 million 457(b) plans.
The $604 million portfolio is currently managed internally by the city.
She will lead the economically targeted investment (ETI) program and oversee the diverse and emerging manager and brokerage programs as well as the broader ESG program.
Stellex Capital Management has hired Jason LaDuke as head of portfolio operations.
Neuberger Berman has closed its third specialty finance fund with over $1.6 billion.
The firm will provide an analysis of investment assumptions, asset allocation strategy, management structure and performance results to the board in June.
Potential changes to the asset allocation could include eliminating the plan’s TIPS target in favor of other asset classes.
The plan has been expected to launch an RFP for a general investment consultant due to the upcoming contract expiration of its incumbent.