The board has hired two domestic equity managers to replace existing managers across its three investment plans.
The deferred compensation plan is looking to add a complementary manager to its U.S. bond option.
The role is newly created.
The new hire joined the firm from investment consultant Alan Biller & Associates.
The pension plan has not had consultant coverage for private equity, private debt and private infrastructure.
The plans rehired their general investment consultant today after issuing an RFI for best practices in August.
The new co-head of alternative credit has been with the firm since 2019.
The agency’s investment portfolio was previously managed in-house.
The three new hires previously worked at SVB Capital.
The retirement fund disclosed commitments totaling $3.1 billion in November.