The city issued an RFP in October to comply with its procurement policy.
The pension plan hired the manager as part of a new domestic equity structure.
She joined the plan last month from the Virginia Retirement System.
The pension plan’s cio recently approved three private equity commitments.
The pension plan has agreed to keep its executive director on paid administrative leave through May in order for him to receive “professional development.”
The search is being conducted due to the incumbent’s contract expiration.
The leadership changes will “support the firm’s ongoing growth and future direction.”
The pension plan disclosed two buyout commitments at yesterday’s board meeting.
The new executive director has been with the retirement system for roughly 30 years.
The hire concludes a search launched in May due to the incumbent’s contract expiration.