The retirement system has terminated one of its global equity managers, which had underperformed.
The new hire most recently served as a senior portfolio manager at the State of Wisconsin Investment Board.
The partnership will initially focus on developing scalable investment solutions in infrastructure.
The firm recently added a managing director to its investment team.
The deferred compensation plan has replaced its domestic large-cap core equity manager, which had been on watch due to underperformance.
The transaction is expected to close on Jan. 1.
The water authority retirement plan replaced its domestic core-plus fixed-income manager in May due to underperformance.
The managing director will work with the firm’s originations team to source new transactions.
The city and county last issued an RFP for investment advisory and management services in 2019.