The newly appointed president and ceo has been with the firm since 1990.
The deferred compensation plan received six proposals in response to an RFP issued in January.
Strong performance in both global equity and fixed-income markets boosted returns for U.S. institutional plan sponsors in the third quarter, according to newly released data from Northern Trust.
The deferred compensation plan will conduct a search to add a complementary manager to its U.S. bond option.
The retirement system made three private equity commitments for pacing purposes yesterday.
The new hires will help lead Ceres Partners’ private equity strategy.
The district last issued an investment advisor RFP in 2018.
The pension plan replaced its global large-cap growth equity and domestic core-plus fixed-income managers in the second quarter.
The selected firm will serve an initial one-year term beginning on Jan. 1.
The agency expects to commence a contract on July 1.