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Monte Tarbox has been named the new permanent cio of the New York City Retirement Systems after serving as interim cio since January.
The area native will be responsible for manager research, asset allocation modeling and risk analysis across the portfolio.
The managing director will focus on return-seeking investments across public and private equity, real assets and private credit.
The retirement system also concluded its real estate search for debt, opportunistic and value-add managers.
The firm added a v.p. to its investment team.
The plan committed to a fund specializing in aerospace and defense earlier this month.
The new hire will lead ORIX Corporation USA’s capital formation strategy.
The deferred compensation plan also replaced its multi-strategy real estate manager last week.
The firm’s sixth life sciences fund has closed at its $6.3 billion hard cap.
The state pension plan also approved three alternatives commitments at a meeting last week.
