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The investment team affiliated with a Midwestern university hired a new investment operations manager to oversee the recording of investment transactions and assist with cash management.
The city anticipates hearing finalist presentations in late spring 2026.
The position is newly created and will be responsible for investment oversight.
The incumbent domestic small-cap growth equity manager had been on watch due to personnel changes and underperformance.
The firm’s sixth private equity fund surpassed its $4 billion target.
The managing director retired after more than 20 years at the firm.
Tom Masthay succeeds Yup Kim, who resigned from the role after nearly two years.
Monte Tarbox will step in as interim cio of the more than $300 billion systems as part of new City Comptroller Mark Levine’s transition team.
The retirement system does not currently utilize an investment consultant.