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The plan selected two international small-cap value equity managers to conclude its search for a firm in the fourth quarter due to underperformance from the incumbent.
The firm’s second private equity fund closed nearly $300 million above its fundraising target.
The plan is conducting the search as its investment officer left the plan last month after nearly three years of service.
The plan’s outsourced cio hired global large-cap growth equity and Russell 2000 Index fund managers in the first quarter.
The managing directors will both report and work closely with Chris Freeze and David Burnside, co-heads of business development at Nuveen Private Capital.
The new portfolio manager joined the plan this month from the California State Teachers’ Retirement System.
The pension plan agreed to keep its executive director on paid administrative leave through June at Friday’s board meeting.
The plan will also receive a recommendation to renew its general investment consultant contract through 2029 this week.
The pension plan expects to commence the contract on Nov. 19.
The city is seeking the services for its 457 and 401a plans.