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Empower Retirement currently provides the services for the city’s deferred compensation and defined contribution plans.
The pension fund is seeking a manager to handle a diversified real assets strategy that must include commodities, precious metals and infrastructure/real estate.
The plan recently made four private markets commitments totaling $325 million.
The plan is seeking passive managers for strategies across equity and fixed-income.
The plans will interview four consultants later this week.
The city is seeking financial planning, fiduciary services, investment management, participant education and strategic guidance for its plans.
The foundation has hired an outsourced cio to manage the university’s endowment and associated assets following a search process from last year.
President Donald Trump’s announcement of a 90-day pause on most tariff hikes on Wednesday sent markets soaring, but the rally was short lived as China continues to strike back.
The launch will expand the firm’s asset-based finance capabilities.
The fund will also review a high-yield fixed-income manager search request from staff at its June 13 board meeting.