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The new managing directors join from Western Asset Management and Thornburg Investment Management, respectively.
The retirement board’s latest search is required by state statute.
The city issued an RFQ in October seeking the services for its $25 million portfolio.
The West Coast pension system closed on private equity and real estate commitments last month.
The plan interviewed a total of five firms at today’s board meeting.
The retirement fund disclosed commitments totaling $850 million in October.
The governor will consider passing a law that would bar state colleges or universities in the state from considering ESG-related factors when making an investment decision.
The university’s previous finance head left after two years in the role.
Endowments and foundations have increased their interest in responsible investing practices despite expressing less concern about the economic backdrop, according to the preliminary results of an annual study.