The plan previously retained its incumbent following a similar search in 2019.
The plan also received an update on its global equity manager search at a meeting yesterday.
The duo are lead portfolio managers on two of the firm’s emerging market debt funds.
The plan’s board voted today to replace the incumbent with a comparable provider.
The plan committed up to $100 million across two private equity funds this week.
The $350 million fund is seeking discretionary investment advisory, management and reporting services.
The retirement system also disclosed three new alternatives commitments at today’s meeting.
The city is searching for a firm to provide the services related to its operating and capital funds totaling approximately $60 million to $70 million.
The plan approved two commitments at a board meeting this week.
The fund closed at $2.23 billion, oversubscribed relative to its $1.6 billion target.