The pension plan hired two domestic large-cap growth equity managers as part of an ongoing shortlist search and terminated two existing managers.
The senior investment officer will help administer the systems’ three defined benefit retirement plans.
The retirement programs manager will manage and administer the system’s 457(b) Deferred Compensation Companion Plan as well as a new tiered 401(a) Defined Contribution Retirement Plan.
The railway’s board is searching for an investment advisor to help implement a trust fund, which will have an initial $1.6 billion allocation.
The pension plan recently committed approximately $2.2 billion total to eight funds and terminated an existing credit strategy.
The county expects to select a firm at its Oct. 9 governing committee meeting.
The fund is expected to be at or near its €7 ($7.6) billion hard cap by the end of the year.
The new hire most recently served as managing director of institutional consulting at First Republic Investment Management.
Rupal Bhansali is leaving Ariel Investments after 12 years to start her own firm.
The plan committed to an existing private debt manager relationship in March.