The state conducted a search in July for its various pension plans and endowments.
The assets have been redistributed to in-house cash.
The new hire previously launched Morgan Stanley’s Fiduciary Consulting Group in 2021.
The pension plan approved the addition of three new strategies with its retirement plan fund lineup at its March meeting.
The university promoted its director of investments to deputy cio earlier this year to assist in the oversight and management of its portfolio, including asset allocation, risk management and ESG integration.
The firm has added a global head of sales and head of advisor relationships and strategic partnerships to expand its wealth management segment.
The retirement system will allocate $450 million with the new international equity manager.
The foundation has hired the founder and managing partner of a boutique consulting firm focused on sustainable finance and investing as its cio.
The deferred compensation plan replaced its domestic large-cap value equity manager in the fourth quarter.
The new asset allocation will “bring down projected volatility” for the city’s three pension plans.