The search is being conducted due to the upcoming contract expiration of incumbent CAPTRUST Financial Advisors.
Incumbent discretionary/outsourced cio Wilshire has underperformed for the one- and five-year periods ending Dec. 31.
The new hire will oversee the firm’s investment activities alongside Co-CIO and Vice Chair Pablo Calderini.
The director will lead the public markets manager research team and oversee the investment process.
Historic market concentration within the Standard & Poor’s 500 Index has led to a resurgence in active domestic large-cap core equity investing among institutional investors.
The retirement system saw its executive director resign on Jan. 31.
The new hires include three additions to the private equity firm’s investment team.
The pension plan recently made $1.5 billion in total commitments and terminated two existing managers.
Jon Salstrom joined the $2.3 billion Cincinnati Retirement System as its new executive director in August 2023. He took the time to answer five questions with FIN News.