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The new hire is based DoubleLine’s Los Angeles office.
The new president has been with the firm since 2020.
The plan also approved a $50 million investment with a new manager within its public equity portfolio at its February board meeting.
The company had been exploring ways to best preserve and maximize its over-funded status.
The plan recently trimmed its active roster by one to fund the new hire.
The firm has launched as an independent real assets investment firm focused on energy transition and infrastructure opportunities
The city is looking for an investment manager for its deferred compensation plan.
The pension plan will consider officially appointing the finalist at its March 15 board meeting.
The fund exceeded its $775 million target with $800 million in total commitments.