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Steve Yoon, investment officer for the $4 billion Municipal Employees’ Annuity and Benefit Fund of Chicago, answer 5 questions for fin|news.
He will oversee strategy, marketing and communications and global client management.
Search was approved last year due to the expiring contract of its current investment consultant.
The plan made hires in its domestic large-cap core equity and direct lending manager searches.
The current CIO is assuming a new role as global head of client relations.
The new office will help access the South Florida market, the firm said.
Plan made a change in emerging market debt managers in the second quarter.
Plan added a $2 million core real estate investment at its June meeting.
Over a third of alternatives investors plan to increase their exposure.