The investment expands Brown Advisory’s outsourced cio and advisory capabilities and provides broader resources and enhanced infrastructure for RockCreek.
The city received four proposals in response to an RFP issued in January.
The deferred compensation plan also terminated its global large-cap growth equity manager in February.
The chief investment strategist assumed the newly created leadership role this month and will also serve as a primary spokesperson for the firm.
The pension plan disclosed commitments totaling $720.7 million in the first quarter.
The plan is seeking two to four managers to evenly split an approximately $1 billion allocation.
The RFI has been “issued for informational purposes only.”
The cio will lead portfolio construction and deliver investment insights to ultra-high-net-worth families and family offices.