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The plan also named a new manager at a board meeting earlier this year.
The retirement association is looking to add a passive component to its international equity portfolio.
The managing director will join an undisclosed investment management firm.
Firm added to its new Philadelphia office with a managing director hire.
The plan is scheduled to approve a new target asset allocation at its meeting on Tuesday.
He officially took on the newly created role in April.
The firm will provide monitoring and evaluation of the plan’s discretionary investment manager.
The pension plan committed up to $40 million to an existing manager relationship yesterday.
The wealth management firm recently acquired three private advisory groups and has added an associate portfolio manager for its U.S. small and small- to mid-cap equity strategies.