The retirement system also approved private equity and real estate commitments totaling $60 million yesterday.
The plans previously worked with Corebridge Financial.
Retirement plan sponsors are showing notable interest in adding private market assets to defined contribution plans, according to Cerulli Associates’ latest report.
The fund is co-managed by Managing Partner and CIO Tony Yoseloff, Co-Deputy Managing Partner Patrick Dennis and Partner and Head of European and Asian Corporates Chris Krishanthan.
The board recently approved real estate commitments and increased previously made private equity commitments.
The new hire will lead the firm’s fixed-income division and oversee proprietary funds and strategies.
The pension plan has issued an outsourced cio RFP in anticipation of CIO Randy Baum’s retirement in October.
The deferred compensation plan previously conducted a search for the services in 2018.
The retirement fund also terminated a global equity manager-of-managers and made commitments totaling $695.6 million in October.
The city has issued an investment consultant RFP for its deferred compensation program, which consists of four plans.