The retirement system will shift planned searches for bank loan and high-yield managers into a single search for multi-asset credit managers.
Firm has appointed James Griffin as its new head of global liquidity distribution.
This week’s hire complements an existing emerging markets equity manager as part of an ongoing international equity portfolio restructure.
The hire followed a consultant search report and finalist presentations held last month.
The investment committee approved a pair of active large-cap equity managers to replace a factor-based allocation this week.
The retirement system also changed firms for private infrastructure and private real estate consulting services in awarding contracts that also included hedge fund, private credit and private equity.
The deal is expected to close this quarter.
The city is seeking investment advisory services related to its police and fire and employee retirement systems.
The global alternative investment firm expanded its legal credit team with the addition.
The pension plan will be looking to fill a new 4% target to the sub-asset class.