The termination comes after the firm was placed on watch for performance reasons in the first quarter.
The trust funded the hires through the termination of two existing large-cap equity managers.
The associate will be part of the firm’s private markets team.
The investment manager joins from a fellow pension plan within the state.
The generalist will assist the cio with all phases of the investment process.
The city is seeking a firm to handle the day-to-day responsibilities of its investment portfolio.
The plan made hires after issuing an RFP in March.
The plan will commit $160 million total to infrastructure through 2029.
The plan rehired its incumbent in 2020 after conducting a similar search.
The plan also recently concluded a liquid credit manager search.