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The plan’s core-plus fixed-income mandate assets have been redistributed to other bond managers.
City Controller Chris Hollins wants any investigation into his office’s fundraising practices to extend to the Mayor’s State of the City event, he said in a letter to the Office of Inspector General and City Council Ethics Committee.
The pension fund also added several private markets commitments in recent months.
The plan hired its incumbent for a new seven-year term.
The city previously hired the firm in 2020 following a similar search.
The county launched a similar search last year seeking a firm to provide the services for a one-year period.
She will take over responsibilities from the firm’s retiring managing director of business development and client relations.
The change comes after terminating its active manager, which failed to meet its performance objective and has showcased organizational risk.
The foundation has added two investment professionals who are alumnus to its board of directors to manage fiduciary responsibilities, business affairs and its assets.
The new v.p. and cio will oversee and manage the foundation’s investment portfolio including evaluating and recommending prospective managers and working with the organization’s investment committee to develop an overall investment strategy, policy and asset allocation.