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.
The search will be conducted due to the upcoming contract expiration of incumbent Albourne.