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The city last conducted a search for the services in 2020.
The plan will interview two international equity managers next week to replace its underperforming incumbent.
The new head of asset management has been with the firm since 2010.
Christian Deckart assumed the role of cio at Mawer Investment Management effective this month.
The university is working on an agreement with a separate nonprofit formed last year to manage its endowment and is seeking a director of investments to help with the investment management function.
The retirement system introduced a 3% public real assets target and made two private equity commitments in February.
The pension plan eliminated its 5% real estate target as part of a new asset allocation policy approved in the first quarter.
The university is searching for a cio and v.p. to oversee its investments after its investment head left the role last month.
The search follows the termination of its active manager last month.
The retirement fund disclosed commitments totaling roughly $2.1 billion in May.