Equity
The hire follows a global equity structure review emphasizing alpha generation.
The fund approved the search last month to survey the market for pricing and services as the incumbent has been providing the services since 2006.
The pension plan hired a new domestic small-cap growth equity manager to replace its incumbent due to underperformance.
The plan expects to hold finalist interviews in September as part of an ongoing manager search and approved changes to its equity manager target allocations yesterday.
The institution selected a climate reporting consultant following a search from February and added hedge fund and real estate investments with existing managers during the first quarter.
The plan will also interview domestic large-cap growth managers next month, while the city’s Fire plan will interview emerging markets equity firms.
The college savings plan approved adding a passive international equity comingled fund to its portfolio at the expense of two actively managed funds to reduce risk and lower management costs.
The New York-based firm closed its second flexible capital fund above its fundraising target with more than $275 million in commitments.
The fund will receive an education on a potential new strategy from its general investment consultant in July as it also looks to approve a new investment policy statement and strategic asset allocation.
The plans placed Wellington Management Company on watch this week due to the upcoming retirement of a partner and equity research analyst.