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Ben Skrodzki will now oversee the plan’s global public equity and private equity portfolios.
The retirement plan replaced its domestic core-plus fixed-income manager following a bond manager review in May.
The city issued an RFP seeking services for approximately $200 million in assets.
The new associate joins after a year of interning with the private equity firm.
The plan’s general investment consultant will see its contract expire next year.
The plan will move the assets from the underperforming manager to cash for use in making benefit payments.
The incumbent’s five-year contract is nearing its end.
Fund managers are increasingly demonstrating strategic advantages in the long-term success and financial performance that their organizations experience when focused on DEI, while also addressing barriers to progress in the funding of underrepresented women and people of color.
The university added an international equity investment with an existing manager within its portfolio in the fourth quarter.