The retirement system has leaned on both its investment consultant and peer institutions as its seeks to build out its investment office.
The plan is replacing an existing equity manager and making its first private equity investment since 2019.
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.