The hire represents an expansion of the firm’s liquid credit team.
The pension plan expects to meet to discuss future recruitments after its inaugural cio resigned earlier this month, as previously reported by FIN News.
The pension plan’s new hire reports to Director of Real Estate C.H. Meili.
The pension plan shifted its emerging manager program to a U.S. small-cap equity mandate to increase its chances of achieving excess returns.
The hire concludes a search launched in April due to incumbent Cook Street Consulting’s contract expiration.
The search may fill two vacancies within the plan’s investment staff.
The partnership will enhance AMG’s exposure to secular growth areas and facilitate an increase in Ara Partners’ management equity ownership in the firm.
The plan will consider issuing a general investment consultant RFP due to an upcoming contract expiration.
The plans recently replaced a domestic mid-cap growth equity manager due to underperformance and hired a sustainable equity manager.
The investment advisor will serve for an initial three-year term with the option to renew for two additional one-year terms.