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The city has rehired the record keeper for its $877 million Defined Contribution and Deferred Compensation Plans.
The retirement system approved a private equity commitment with an existing manager relationship last month.
Alex Kozhemiakin has joined Lazard Asset Management as managing director and co-head of emerging market debt.
The deferred compensation plan hired a new domestic large-cap core equity manager last week.
Steven Meier joins the firm after serving as cio of the New York City Retirement Systems.
A shifting institutional landscape is forcing asset managers to adjust their distribution tactics, according to Cerulli Associates’ most recent report.
The retirement board also placed one of its private equity fund-of-funds managers on watch this week.
The pension fund approved a non-core infrastructure commitment at an investment meeting this week.
The retirement system hired five managers as part of a newly approved asset allocation yesterday.
The pension plan approved private equity commitments totaling $2.5 million in the third quarter.