Damon Pitler was named managing director, portfolio manager, private funds, at Amherst Capital Management, said spokesman Dan Scorpio.
The position is new. Mr. Pitler will manage the firm's U.S. single-family equity and commercial real estate portfolios. He will be based in Austin and report to Sean Dobson, CEO and chief investment officer.
Mr. Pitler was a senior investment manager for real assets at the $133.2 billion Texas Teacher Retirement System, Austin. Retirement system spokesman Howard Goldman did not know by press time whether he had been replaced.
Amherst Capital Management is a BNY Mellon investment boutique specializing in U.S. real estate, with $5.7 billion in assets under management as of Dec. 31.