The deferred compensation plan terminated a stable value fixed-income manager to improve its risk/return profile yesterday.
The head of investor relations joined the firm from Audax Private Equity.
The retirement system previously extended its contract with incumbent Segal Marco Advisors for one year in October 2023.
The fund was developed by the firm’s liquidity committee and executed in partnership with HarbourVest Partners.
The firm also hired a head of global product and marketing.
The new cio and global head of multi-asset solutions has been with the firm for more than 30 years.
The firm’s direct lending business recently hired two managing directors.
The new co-head of portfolio management joined the firm from Goldman Sachs Asset Management.
The firm has hired two new employees and announced four staff promotions.
The retirement fund made commitments totaling $2.7 billion in August.