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The plan completed a search for global growth equity managers today following finalist interviews held last month.
He will officially take on the role on Jan. 1 and succeeds CIO Robert Horrocks.
The commitment, initially approved by the investment committee late last month, represents a new relationship for the plan.
The plan’s domestic large-cap portfolio will now be passively managed.
The pension plan made a private credit commitment to an existing manager relationship last week.
The retirement system approved a $35 million commitment to a middle market senior loan fund at its board meeting yesterday.
The firm has added private advisory teams from Janney Montgomery Scott and Wells Fargo Advisors to its global wealth management team.
The London-based firm has closed its oversubscribed third fund, which invests in mining and energy transition metals, at its hard cap, marking the largest fundraise in the firm’s fund series.
The fund approved the addition of an upper middle market direct lending manager as its general investment consultant viewed the strategy as complementary to existing managers in the portfolio.
Nearly all institutions and wealth managers think fixed-income, where many are underexposed, is more attractive than equities as the threat of recession looms, a new study finds.