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The retirement plan added $60 million in infrastructure investments at today’s board meeting.
The infrastructure asset class would mark a new investment for the plan.
The firm’s newest senior v.p. joins from Warburg Pincus.
The principal and financial advisor will retire from the investment consulting firm this summer.
He will manage a global team of portfolio managers and analysts, driving growth of the firm’s emerging market debt business.
The senior advisor previously served as ceo of the Alaska Permanent Fund Corporation.
The retirement system also selected finalists in its domestic core fixed-income manager search today.
The search is being conducted due to the upcoming June 30 contract expiration of incumbent CAPTRUST Financial Advisors.
The senior director died on Feb. 13 just shy of their 60th birthday.
The corporation revised its investment policy statement, including a new strategic asset allocation that increased targets to domestic large-cap equity, non-U.S. developed equity, absolute return, private debt, infrastructure and cash.