The retirement system terminated an international large-cap growth equity manager first hired in 2016.
The partner will help lead the firm’s investments in technology and business services.
The new hire will serve on ORIX Corporation USA’s capital formation and investor relations leadership team.
The authority currently has core fixed-income mandates with Alaska Permanent Capital Management and Barrow Hanley Global Investors.
The pension plan also removed its domestic core fixed-income mandate from watch last month.
The city received two proposals in response to an RFP issued in July.
The plan will consider approving an RFP at next week’s investment committee meeting.
The retirement system expects to hire a new executive director in 12 to 14 weeks.
The deferred compensation plan received four proposals in response to an investment consultant RFP issued last month.
The retirement system also liquidated its domestic small- to mid-cap value equity mandate last month.