Alex Done and Neil Messing were named head of private equity and head of hedge funds, respectively, at the bureau of asset management in the office of New York City Comptroller Scott Stringer, said Eric Sumberg, Mr. Stringer's spokesman.
The bureau oversees the investments of the New York City Retirement Systems, whose five pension funds have a combined $160 billion in assets.
Mr. Done replaces Barry M. Miller, who left the comptroller's office in 2013 to join private equity manager Landmark Partners as a partner.
Mr. Done is currently executive director of private equity and head of the city’s private equity emerging managers program. Mr. Sumberg said a search is underway for a new head of the emerging managers program and Mr. Done will continue in that role until a replacement is found.
Mr. Messing was previously senior investment officer for hedge funds. He replaces Seema Hingorani, who was head of public equities and hedge funds before she was named chief investment officer of the five pension funds in October 2013. She left in June.
Mr. Sumberg said Ms. Hingorani's position was split into two jobs and the comptroller's office is searching for a head of public equities, as well as looking to fill Mr. Messing's previous position.
As of Sept. 30, the New York City Retirement Systems had $3.4 billion in hedge funds and hedge funds of funds and $9.7 billion in private equity
