The two positions were created to support asset growth.
The six firms will handle aggregate assets of $1 billion.
The commitment satisfies the retirement systems’ 2026 pacing plan for private markets.
The termination comes after the firm was placed on watch for performance reasons in the first quarter.
The trust funded the hires through the termination of two existing large-cap equity managers.
The associate will be part of the firm’s private markets team.
The investment manager joins from a fellow pension plan within the state.
The generalist will assist the cio with all phases of the investment process.
The city is seeking a firm to handle the day-to-day responsibilities of its investment portfolio.
The plan made hires after issuing an RFP in March.