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The fund is looking to hire four global passive fixed-income managers.
The investment board also hired a new international growth equity manager.
The new role will “enhance provision” of investment strategy perspectives for LPs and provide strategic advice to the firm’s investment personnel.
The pension plan also adopted a new asset allocation policy for its $141.8 billion Core Trust Fund last month.
The district is seeking the services for its approximately $77 million portfolio.
The plan moved more than $70 million into passive strategies at its February meeting.
Timothy Reese has served as ceo and cio of the $3.9 billion Pennsylvania Municipal Retirement System since 2020.
The newest commitments come as part of a pacing plan for the asset class.
The retirement system made six commitments totaling $265 million this week.
David Brooks has joined Hotchkis & Wiley as managing director for client and consultant relations.