Jay Huish was named interim executive director of the $14.7 billion San Francisco City & County Employees' Retirement System, effective Feb. 17, confirmed spokesman Norm Nickens.
Mr. Huish replaces Gary A. Amelio, who is leaving on that date to become CEO of the $1.9 billion Santa Barbara County (Calif.) Employees' Retirement System.
Mr. Huish is deputy director of the San Francisco pension fund.
Separately, the system plans to commit a total of $350 million in private equity commitments this year, confirmed Robert Shaw, managing director, public markets.
The board approved increasing its target allocation in private equity to 16% from 14% in September. At its December board meeting, it approved committing in the range of $300 million to $400 million in 2012 to 10 to 14 managers with each mandate about $10 million to $40 million, Mr. Shaw said.
The $14.7 billion system has $1.82 billion in private equity investments. There are no RFPs issued at this time.