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Andrew Spellar has served as cio of the $4.6 billion Fairfax County (Va.) Employees’ Retirement System since 2015.
The pension plan hired two domestic large-cap growth equity managers as part of an ongoing shortlist search and terminated two existing managers.
The plan hired a new investment manager for its $10 million in assets.
The senior investment officer will help administer the systems’ three defined benefit retirement plans.
The county issued an RFP in February due to the contract expiration of its incumbent.
The plan will work with Precision Pension Administration.
The global quantitative manager added a senior strategic relationship manager to focus on consultant relations and relationship management and a senior manager of product communications and management to works with its distribution and investment teams and market its products.
The executive order, signed earlier this month, will limit or ban private fund managers from investing in certain technologies like computer chips or semiconductors in China.
The college elected two new board of trustees members, including one with investment experience, at its board meeting in the second quarter.
The system expects to conduct a review of the investment policy for its reserve pool, non-reserve short-term pool and non-reserve long-term pool this fall.