Lorenzo Newsome Jr. has developed a lot of skills that he believes will help him excel in his first role on the allocator side of the table.
The replacement is due to recent organizational concerns at the incumbent firm.
The retirement system will revisit a search at its October meeting following finalist interviews held in August.
The plan last conducted a search for the services in 2019.
The firm’s 13th fund closed with more than $3 billion.
The West Coast city does not currently utilize an investment advisor.
Firm’s new global institutional client group head joins next quarter from BlackRock.
The new position will lead distribution at the energy and infrastructure focused manager.
The two retirement systems will “address the issue again” in November.
The fund’s new investment officer started her career there over a decade ago.