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.
The pension plan made $851.7 million in total private equity/current return commitments and $288 million in total real estate commitments in the fourth quarter.
The analyst will be part of the newly created internal portfolio management team.
The managing director will focus primarily on Star Mountain Capital’s private credit secondaries business.
The town currently works with investment advisor Morgan Stanley Investment Management.