The retirement plan approved a private infrastructure manager search to handle a potential 4% target allocation in December.
The position is under the direction of CIO Anastasia Titarchuk and Deputy CIO Navyug Patel.
The trust added targets of 3% each to listed infrastructure and listed REITs in the fourth quarter.
Robert Behan will focus on expanding the firm’s advisor consulting business.
The city expects to award a contract at its June 3 city council meeting.
The retirement system also approved two private equity commitments today.
The staff members are on leave “pending the completion of separate investigations concerning allegations of misconduct.”
The new hire will oversee MissionSquare’s marketing function, including brand, channel, digital and sponsorship marketing.
The strategies have each deployed or identified approximately $1.1 billion of initial investments to date.
The city expects to award a contract at the end of May.