The deferred compensation plan issued an RFP in August and previously rehired its incumbent in 2019.
He will retire from the plan at the end of the fiscal year after three decades of service.
Fund is seeking a firm to serve as co-fiduciary and provide full service non-discretionary investment consulting services for its private markets portfolio mandates.
The retirement system was slated to terminate a U.S. large-cap growth equity manager last month.
The search is due to the impending contract expiration of its incumbent.
The retirement fund invested roughly $24 million with a new emerging markets equity manager last quarter.
The plan launched a search last year to consolidate to a single record keeper from its previous three.
The search was conducted last year to evaluate other options.
The plan is seeking firms providing long-only convertible bond products and will consider U.S. and global strategies.
The incumbent will continue to provide investment advisory services for the city’s $225 million investment portfolio.