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Extensive and timely coverage of the institutional industry.
The firm will manage separate mandates for the city’s pension plan and OPEB Trust.
The plan is seeking a firm to provide retirement plan administration, record keeping, education, communications, investment-related and other services.
The retirement system made five private markets commitments totaling $160 million last year.
The fund had been on watch for underperformance since last year but more recently abruptly replaced its lead portfolio managers.
The v.p. will oversee financial operations and support Kinzie’s growth across fund management and internal infrastructure.
The retirement system added a second manager to its fixed-income portfolio last month.
The firm has closed THL Equity Fund X with $6.35 billion in investable capital.
The pension trust first hired the firm as its new consultant in 2019.
The pension fund also trimmed an underperforming manager’s mandate by 30%.
Lisa Hornby spent the past 16 years at Schroders, where she served as head of U.S. fixed- income until her departure yesterday.