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Texas plan has hired a new cio, who will join from an Austin city pension plan, following a search for the position from last year due to the planned summer 2021 retirement of its cio.
Plan directed its general investment consultant to return with a search on “best ideas” real assets strategies.
Plan disclosed a recent opportunistic real estate commitment of $125 million.
The plan terminated its global manager due to asset declines and underperformance.
The plan hired a manager after adopting the asset class in January.
The plan expects to launch a general investment consultant search this summer.
The new appointments include one senior portfolio manager and two analysts.
He will launch and run an actively managed mandate investing across market caps with full ESG integration.
She left the NYC plan on June 18, according to her LinkedIn profile.
She was previously an associate partner and senior investment consultant at Aon Investments USA.
