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The retirement system has hired four global multi-sector fixed-income and three passive equity managers in recent months.
The pension plan first issued an RFP seeking one or two separate account managers to establish emerging manager programs for real assets and real estate in January 2023.
The plan’s sole emerging markets equity manager was first hired in 2018.
The commission received two proposals in response to an investment consultant RFP issued in August.
The plan expected to begin the search to comply with state regulatory requirements.
PFM Asset Management currently serves as the county’s investment advisor.
The plan has gone across the globe to the New Zealand Superannuation Fund to hire Stephen Gilmore as its next investment head.
Joe Aguilar is the cio for Illinois State Treasurer Michael W. Frerichs, a role in which he directs seven investment portfolios spanning across public and private market investments on behalf of the Illinois Treasury’s combined $56 billion investment portfolio.
The new hire reports to Partner and Defined Contribution Team Leader Bill Ryan.