Searches And Hires
The city awarded a contract to an investment advisor last year after issuing an RFP for the services in July.
The retirement fund approved increases across private equity, private credit, private value-add real estate, MLPs and marketable alternatives this week.
The pension board will also target $1 billion to non-traditional equity strategies.
The commitments were made this year under delegated authority.
The retirement plan hired a core-plus fixed-income manager to complement its more conservative incumbent.
The retirement fund is targeting private equity finalist interviews at its February and March board meetings.
The pension plan appears to have replaced its domestic small-cap value equity manager in the fourth quarter.
The retirement system first considered issuing the RFP last year.
The foundation is seeking a firm to provide discretionary investment management and strategic guidance for its portfolio, which includes endowed, non-endowed reserves and scholarship funds.
The plan made $350 million in commitments for pacing purposes.