The $80 million committed to non-core infrastructure funds at today’s meeting conclude the retirement fund’s pacing plan for 2024.
The retirement fund committed $100 million across three strategies last month, concluding a search initiated in May.
The New Jersey city is seeking the services on behalf of its $9 million deferred compensation plan.
The deferred compensation plan’s incumbent general investment consultant scored the highest of six total proposers.
Firm’s next ceo has been serving as executive v.p. and head of international businesses and global investment management.
Thomas J. Gahan was named president and ceo while James W. Hirschmann III was tapped as chair.
The new senior managing director will oversee the continued growth and integration of Pretium’s operating companies.
Active large-cap value and Wilshire 5000 index mandates were shifted into a Russell 1000 Index fund earlier this quarter.
The retirement systems will look to hire a core bond replacement next quarter after terminating Western Asset Management last month.
The firm appointed two members of its team to new positions.