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The plan will fund the new active manager from its index allocation.
The fund approved restructuring its real estate portfolio in favor of a core-satellite portfolio with a core mandate and two to three satellite managers and also added two 130/30 managers to create a market cap and style neutral portfolio structure.
The cio will depart the plan after more than 23 years with the organization.
The pension plan recently committed $275 million total to two funds and terminated existing convertibles and real estate debt strategies.
The position will have a focus on private equity.
The city is seeking the services for several of its retirement plans.
Jason Yablon will lead the firm’s listed real estate investments and teams.
The retirement system will interview three firms for a $20 million mandate.
The healthcare system is working on sustainable investment guidelines after reviewing sustainability scores on current investments in the first quarter and evaluating future opportunities.