City Comptroller Mark Levine has directed the Bureau of Asset Management to bring $750 million in investments to the five pension boards as part of a $4 billion plan.
The area native will be responsible for manager research, asset allocation modeling and risk analysis across the portfolio.
The city’s Federated City Employees and Police & Fire plans promoted from within for the replacement to Prabhu Palani.
The plan moved more than $70 million into passive strategies at its February meeting.
Marty LaPrade was the lead portfolio manager on the firm’s U.S. large-cap growth equity strategy.
The plan is considering replacing an underperforming domestic equity manager and is also asking for a list of potential private equity options.
Claudia Glover was promoted to cio of BFG Financial Advisors in January.
The retirement system promoted a long-time investment staffer to the role.
The hire will lead new business development nationally with a focus on institutions, consultants and outsourced cios.
The direct lending firm exceeded its target for Tree Line Direct Lending IV.