The plan also slated domestic small-cap growth equity manager finalist interviews for its September meeting.
The negative performance was driven by the plan’s public market investments, which make up roughly 79% of total fund assets.
Steven Meier will oversee more than $250 billion in pension assets for the city.
The plan is conducting the search for due diligence purposes and has worked with its current consultant since 2002.
The plan is considering a change in managers after previous manager Allianz Global Investors sold its U.S. business to Voya Investment Management.
The plan hired a new emerging market debt blended currency manager at the meeting, which also included discussions around including diverse asset managers in future searches.
The Third Party Marketers Association has rebranded as the Global Asset Management Marketing Association, the organization announced today.
The firm closed on nearly $17 billion in total commitments to its flagship buyout fund and growth equity fund.
All three searches are being conducted due to the contract expirations of the incumbent providers.
Search is due to the impending contract expiration of incumbent RCLCO.