Aon found itself at the center of a date discrepancy stemming from errors in the reporting of investment returns in 2020.
The firm also closed its Secondary Overflow Fund V for secondary co-investment opportunities.
The hire followed a search launched in April for a single manager to handle $250 million to $300 million.
The firm’s current managing partner and ceo will retire early next year.
The city will interview three small-cap core managers in October.
The hire accelerates the growth of the firm’s existing U.S. real estate credit business and expands its global private credit platform.
The plan interviewed two core-plus fixed-income managers at a board meeting last week.
Two portfolio managers are stepping down from the Virtus Stone Harbor Emerging Markets Income Fund next month.
The city is seeking investment advisory services for its $1.5 billion investment portfolio.
An RFP was issued in May and the incumbent will also continue advising the district’s defined contribution plan.