The system has launched a search for an investment advisory firm to help actively manage its cash and investments portfolio on a day-to-day basis.
The funds have issued an RFQ seeking fixed-income managers to invest monies on behalf of one, or both, of the funds.
The plan interviewed a total of four consultant finalists today.
The board replaced existing passive domestic equity and hedge fund managers at a meeting last month.
City is seeking investment advisory services for its investments, a majority of which are held in local government pools.
The pension plan recently committed approximately $7.4 billion total to six funds and terminated 12 existing strategies.
The retirement fund liquidated a $243 million international equity mandate and made commitments totaling $770 million in December.
The hire resulted from a new asset allocation change.
Growth, core and value styles will all be considered in the search.
A total of five firms submitted proposals to an RFP issued in the fourth quarter.