BTG Pactual Global Alternatives has hired Chris Allen as head of performing credit.
The plan consolidated its passive management to a single firm in August.
The firm announced today that it has named Chase Bolding as head of North America.
The commitment was made based on the plan’s current allocation and future cash flow assumptions.
Diversis Capital has closed its third fund with over $1.2 billion in total commitments.
He will leave the plan next month after first joining in the role in 2022.
The plans selected a new firm this month as their incumbent provider is “getting out of the business.”
The plan recently added a portfolio manager to its team.
The plan is looking to add an investment analyst to its team.
The firm will provide non-discretionary investment advisory services for the city’s $487 million investment portfolio.