The deferred compensation plan recently made several changes to both its equity and fixed-income portfolios.
The pension plan liquidated an approximately $237 million global equity mandate and made commitments totaling $1.4 billion in October.
The plan approved a new asset allocation for its Core Trust Fund last week.
He will help manage the firm’s convertible bond products and develop new products.
The pension plan is considering adding a domestic core fixed-income manager to its lineup and expects to select a new executive director next month.
The transaction is expected to close by year-end.
The fund has deployed approximately 39% of its commitments across seven platform acquisitions.
The plans terminated their core real estate manager last month.
The pension plan disclosed a private equity commitment made last month at yesterday’s board meeting.
The position will report to Director of Private Equity Allen Waldrop.