The new hire will focus on selling the firm’s suite of solutions to institutional investors.
The deal marks the first outside investment in Fisher Investments.
The pension plan liquidated its approximately $1.9 billion international equity mandate and made commitments totaling $108 million in April.
The pension plan has replaced its domestic core-plus fixed-income manager due to personnel changes and underperformance.
The pension plan has replaced its incumbent domestic small- to mid-cap value equity manager, which had been on watch.
The pension plan has selected one firm to provide hedge fund, credit and real assets consulting services.
The retirement system has terminated a global equity manager that it first hired in 2014.
The pension plan will consider approving a private debt manager search and a new 2025 fiscal year asset allocation policy for its four systems this week.
The new global cio of fixed-income will succeed Franck Dixmier, who is leaving the firm.
The pension plan received a recommendation to hire a real estate manager last month.