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.
The plan hired a new international equity manager at today’s board meeting.
The plan’s current international small-cap equity manager has been on watch since early 2023.
Denali Advisors has hired Garry McBerryhill as director of business development.