The incoming deputy director is currently the pension manager for two Florida plans.
The pension fund concluded an RFP process for international core and value equity managers.
The hire will save the plan over $1 million in fees annually.
The retirement system is considering a replacement search for an underperforming manager.
The retirement system terminated its international all-cap manager due to underperformance.
The plan changed its investment consultants for the first time in over 20 years.
Four firms will be interviewed over the next two days.
The plan is looking to invest $50 million in the selected strategy.
The plan hired Barings to manage two customized funds.
The plan will target eight to 10 emerging buyout funds.