The city has issued an RFP seeking plan and investment management consulting services for its retirement plans.
The plan also appears to have reissued its private markets consultant RFP.
The district previously invested its funds with the state treasurer’s investment fund and local banks.
The city worked with its previously provider for 32 years.
The lawsuit alleges fraudulent share sale and breach of fiduciary duty by the firm.
The plan launched a search in July as its previous manager no longer services municipal clients.
The firm was terminated from an approximately $102 million domestic core-plus fixed-income mandate last month.
The plan is also slated to kickstart an asset/liability study and will see the results early next year.
The plan approved a new long-term asset allocation that includes a maiden 4% target to private credit at its board meeting today.
The firm closed the most recent vintage of its small business lending strategy with over $580 million.