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The plan approved up to $650 million in new private commitments at its board meeting yesterday.
He will lead the firm’s real estate investment team, which oversees $18 billion in assets.
The plan currently has $1.4 billion invested in custom target-date strategies.
The plan will look to evaluate the marketplace for lower management fees, with an emphasis on Collective Investment Trust vehicles.
City is seeking administrative services on behalf of its 457(b) and 401(a) retirement plans.
City is searching for a firm to provide discretionary management for its $55 million portfolio.
The new hires who will focus on strategic capital formation initiatives, investment solutions, portfolio management, risk management and recruitment.
She will oversee the firm’s global equity team based in London and Paris.
The new initiative includes a five-part strategy that includes education, recruitment, mentoring and training, retention and community engagement.