The pension plan hired two infrastructure managers as the result of a newly approved asset allocation policy in the second quarter.
The new hires include a managing director of portfolio operations, v.p. of investments and assistant controller.
The new cio previously served as senior v.p. of fixed-income investments at the firm.
The new hire previously served as senior manager of investments at the $2.5 billion Montgomery County (Md.) Public Schools Pension & Retirement Plan.
The investment board was informed that two of its client funds have adopted a new asset allocation policy at today’s meeting.
The senior portfolio manager had been with the pension plan since 2021.
The hire concludes a search launched after the Jan. 3 departure of CFOO Ryan Skor.
The pension plan will no longer have investments in Chinese-owned or controlled companies as of early next year.
The transaction is expected to close in the fourth quarter, subject to regulatory approval.
The retirement system made infrastructure and private equity commitments totaling $295 million last week.