The ceo of asset management will spearhead the group’s efforts to bring together its public and private markets businesses as a unified global asset manager.
The agency’s investment portfolio is currently managed in-house.
The retirement system made four private equity commitments for pacing purposes at today’s board meeting.
The pension plan ended the employment agreement of its executive director, who had been on paid administrative leave since November.
The pension plan has eliminated three asset classes as part of a newly approved asset allocation policy.
The retirement board has approved a fiscal year 2025 real assets investment plan that discontinued its search for two new open-end core real estate managers.
The plans last issued an RFQ for investment consulting services in 2023.
The pension plan terminated its domestic small- to mid-cap core equity manager in August due to underperformance.
The pension plan approved four commitments totaling $195 million at last week’s investment committee meeting.
The hire concludes a search launched in May for best practices.