The new cio joins from a sovereign wealth fund.
The plan made a commitment to one new manager alongside two follow-on commitments.
The city hired two firms to replace a previously terminated core fixed-income manager.
The plan is looking for potential replacement managers due to asset outflows and personnel turnover at its incumbent.
The investment committee approved selections after interviewing three finalists today.
The commitments represent the plan’s first investment in the asset class.
The consultant will be responsible for a $3.7 billion opportunity portfolio.
The plan terminated its current global long/short hedge fund-of-funds manager.
The plan terminated its international small-cap equity manager after closed session discussions.
A total of three firms will be interviewed at a special board meeting this week.