The pension plan recently made $1.5 billion in total commitments and terminated two existing managers.
Jon Salstrom joined the $2.3 billion Cincinnati Retirement System as its new executive director in August 2023. He took the time to answer five questions with FIN News.
The pension plan made $851.7 million in total private equity/current return commitments and $288 million in total real estate commitments in the fourth quarter.
The analyst will be part of the newly created internal portfolio management team.
The managing director will focus primarily on Star Mountain Capital’s private credit secondaries business.
The town currently works with investment advisor Morgan Stanley Investment Management.
Western Asset Management had been on the plan’s watchlist since September.
The retirement system will also see its executive director resign on Friday after less than a year in the role.
The new director of consultant relations joined from Fiducient Advisors, where she was a senior research analyst.
The agency is seeking an executive search firm to assist with both its executive director and chief financial operating officer recruitment.