The firm has $40.4 billion of $1.4 trillion in client assets invested with diverse managers.
The plan is diversifying its 10% international equity target by adding the new value manager to its existing growth manager.
The city is looking for a firm to manage its long-term and short-term portfolios.
The plan is looking to create a pool of consultants to advise its investment office across all asset classes.
The plan added two core-plus fixed-income managers to the portfolio and made 11 alternatives commitments in the first quarter.
The searches will help fill out an asset allocation approved in 2021 that included new targets to the asset classes.
The searches were conducted because the contracts of the incumbents were expiring.
An anonymous mid-Atlantic Taft-Hartley plan is searching for a core fixed-income manager to handle $20 million.
The plan recently terminated its risk premia manager due to investment process and performance concerns.
James Pruskowski was previously head of institutional and wealth management for municipal bonds at BlackRock.