The association for municipal pensions has hired its first-ever cio to lead the investment strategy and portfolio management for its public employee retirement program.
The revisions see the foundation pivoting its investment portfolio further toward growth-oriented investments, including public and private equity.
The foundation has launched a search for an outsourced cio to oversee its portfolio and revise its investment policy statement.
The outsourced cio provider has added two managing directors from another discretionary advisor.
The firm closed its latest fund focused on energy and climate-related companies adapting artificial intelligence technologies with $160 million, including commitments from two returning nonprofit investors.
The foundation conducted a similar search in 2020 that resulted in rehiring its incumbent provider.
The system’s current risk head is set to step down from the role.
The firm recently hired a former investment director to serve as a partner and manage and expand investments in the clean tech, industrial and life science sectors.
The foundation added private real estate, private equity and private credit strategies with new managers to its portfolio last month.
Myers serves as partner and non-profit solutions leader at Aon, where she works with the Chicago-based consulting firm’s endowment and foundation clients on asset allocation, risk management and investment strategy.