The pension plan committed up to $80 million to a new manager relationship.
The analyst will help develop investment strategies and assist with research and recommendations for crafting a new internal fixed-income strategy at the North Dakota State Retirement and Investment Office.
The fund was oversubscribed and represents the firm’s largest fundraise since its 1986 inception.
The city received seven proposals in response to an RFP issued in June.
The pension plan committed $120 million total to two existing manager relationships in the third quarter.
The firm’s Global Fund Program will celebrate its 30th anniversary next year.
The newly appointed cio has been with the firm for 19 years and also serves as cfo, a partner and a member of its investment committee.
The partnership will further deepen Legal & General’s private markets capabilities in the U.S. as well as address investor demand for real estate equity exposure.
The duo will be responsible for driving the strategic direction and commercial success of the institutional business in the region.
The pension plan made $734.7 million in total private equity/current return commitments and $321 million in total real estate commitments in the third quarter.