Jose Gonzalez was promoted to investment officer of the emerging managers program at the $51.1 billion Illinois Teachers' Retirement System.
Mr. Gonzalez, who has served as senior investment analyst for global bonds and real assets since 2015, now assumes oversight of TRS' emerging managers program, which has a target allocation of $750 million, spokesman David Urbanek confirmed in an email.
Currently, 18 small and early stage managers run an aggregate $501 million across a variety of asset classes for the Springfield-based pension fund. Many, but not all, of the firms in TRS' emerging managers program are women- and minority-owned companies, a news release said.
Mr. Urbanek did not immediately respond to a request for information about Mr. Gonzalez's replacement on the pension fund's global bond team.
Mr. Gonzalez replaces Kirk Sims who joined the $145.4 billion Texas Teacher Retirement System, Austin, in February as emerging manager program director.
"Jose not only brings a great deal of experience in the investment world to our diversity initiative; he also knows the goals, needs and operations of TRS. That's invaluable," said Richard W. Ingram, TRS' executive director, in the news release.
CIO R. Stanley Rupnik said in the release: "We're excited by the skills and enthusiasm that Jose is bringing to the emerging manager program, He is the right fit for this role. He understands the capabilities and needs of emerging managers and how they can best fit into our investment strategy."