Dallas Employees' Retirement Fund put Aberdeen Asset Management on watch for performance, said recently released board meeting minutes.
As of March 31, Aberdeen managed about $95 million in global equity for the pension fund.
An Aberdeen spokeswoman declined to comment.
Separately, the $3.4 billion pension fund is in the process of searching for an investment consultant. The shortlist search was launched in April.
Wilshire Associates, whose contract expires on Aug. 31, was invited to rebid. A hiring decision is anticipated for August.
Cheryl Alston, executive director, could not be reached for additional information.