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The firm welcomed back a former team member to co-lead its emerging market debt team.
The plan’s investment committee and general investment consultant recommended a manager change following a search presentation earlier in the year.
The retirement fund terminated the manager due to underperformance.
The retirement system will also receive private markets pacing schedules this week.
Mark Kiesel has served as the firm’s cio of global credit since 2014.
The city maintains an investment portfolio averaging $40 million comprised primarily of certificates of deposit.
He left the $37.2 billion pension last month after more than seven years with the plan.
Cohen & Steers has promoted Daniel Noonan to head of global distribution.
The world’s 500 largest asset managers have reached a record $140 trillion in total assets under management, which new research finds is driven by North America and a shift to passive investments.