The consultant will continue to advise the pension fund and OPEB Trust.
The search is for an individual to oversee the city’s two pension funds totaling more than $7.5 billion.
The plan approved a $50 million commitment at its board meeting today.
The plan also made a $50 million long/short equity investment last month.
The retirement fund has issued RFPs for a general consultant as well as an alternatives consultant to advise on private equity, credit, real estate, real assets and hedge funds.
The plan is looking for a replacement to longtime CIO Christopher Ailman.
The pension tapped its deputy executive director to take over the lead role.
The firm has nearly $100 billion in institutional assets under advisement across 728 clients.
The firm offered its views on this year’s market opportunities in a 2024 market preview webinar this week.
The plan will transition to the new general consultant by the end of the quarter.