Rafique DeCastro was hired as an investment officer-private equity in the New York City Comptroller’s Office Bureau of Asset Management, confirmed Michael Loughran, spokesman for Comptroller John C. Liu.
The position is new.
Mr. DeCastro will perform private equity fund due diligence, portfolio construction and monitoring, Mr. Loughran wrote in an e-mail.
The bureau assists the city pension funds in selecting investment advisers and consultants, according to the comptroller’s website. It “manages the funds’ cash, directs allocations to the investment advisers and assures that investments recommended by the advisers meet legal requirements,” the website says. “The bureau also analyzes the performance of individual advisers, their investments and transactions for compliance with investment guidelines.”
Mr. Liu is the investment adviser, custodian and trustee for the five city pension funds, which have an aggregate asset value of $115 billion.
Mr. DeCastro previously worked at Credit Suisse Customized Fund Investment Group. Calls to spokeswomen at Credit Suisse weren’t returned by press time.