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The plan replaced several of its passive mandates with Vanguard Group at yesterday’s board meeting.
The county hired two firms to handle up to $100 million in cash and investments.
The executive director first joined the plan in 2020.
The senior partner will lead the firm’s newly established Washington D.C. office.
The merger will bring the firm to roughly €20 billion in combined assets under management.
The plan is looking for a replacement to longtime CIO Christopher Ailman.
The retirement systems concluded a general investment consultant search last month following finalist interviews held last quarter.
The termination results from a new asset allocation.
The plan launched a search last year due to the incumbent’s contract expiration.
The plan approved two commitments previously approved by its investment committee last month.