The pension plan will consider replacing its REIT manager due to the firm’s underperformance.
She will assume the newly created role next year.
She leads the firm’s engagement with current and prospective investors.
The plan replaced its intermediate fixed-income manager due to personnel changes at the firm.
The municipality previously worked with investment advisor Callan.
The pension plan’s investment committee approved commodities, fixed-income and private credit commitments last week.
The pension plan liquidated an international equity mandate and made $1.8 billion in total commitments in September.
The plan replaced its target date fund manager due to the firm’s underperformance.
The executive director is the subject of a personnel-related investigation that is currently being conducted by an outside third party.
The pension plan approved commitments totaling $95 million with three existing manager relationships last week.