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Incumbent discretionary/outsourced cio Wilshire has underperformed for the one- and five-year periods ending Dec. 31.
Kevin SigRist has returned to his role as cio at the state retirement systems – a role he resigned from in 2017.
The fund targets top-performing, oversubscribed funds and companies.
The plan closed on three private markets commitments last month.
The city is searching for investment advisory and portfolio management services for its $38 million portfolio.
The city issued an RFP last year due to the contract expiration of its incumbent advisor.
The town opted to maintain its current strategy of investing in the local government pool over hiring an external manager.
The retirement system’s cio disclosed recent staff-delegated alternatives commitments totaling $110 million.
The new hire will oversee the firm’s investment activities alongside Co-CIO and Vice Chair Pablo Calderini.
The institution has launched a search for a discretionary investment manager to handle its pooled investment program following a similar search from 2019.
