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The global equity manager has named Rodney Cohen as co-ceo and cio of Ariel Alternatives and Melody Rollins as executive v.p. and global head of distribution.
The plan’s former cio departed to join another pension plan in June.
The retirement system made commitments to two firms today after interviewing four managers last month.
The analyst focuses on private credit, infrastructure and income investment opportunities.
Board will look to add a new emerging markets equity manager within its $187.4 billion Commingled Trust Fund later this month.
The world’s top 300 pension funds have marked their fastest annual growth in eight years.
The defined contribution plans terminated their underperforming balanced manager last month.
The plan added an investment officer to its $3.6 billion real assets portfolio.
The search comes after the plan placed its incumbent manager on watch.
The emerging markets equity manager had been placed on watch for performance reasons over the summer.