Alex Doñé and Neil Messing will oversee private equity and hedge funds, respectively, for the Bureau of Asset Management, New York City Comptroller Scott Stringer announced.
Both appointments are effective immediately. Private equity and hedge funds represent 6.1% and 2.1%, respectively, of the city's $159 billion pension fund portfolio.
"Alex and Neil have been strong performers in the Bureau of Asset Management and I am confident that they will continue to contribute to the success of our investment program," Stringer said late Friday.
Doñé has worked at the bureau since 2012 and most recently was executive director of private equity and the head of the city's $5.6 billion private equity emerging managers program, which includes more than 50 general partnerships.
Previously, Doñé spent more than 16 years as an investment banker and private equity investor at Clearlake Capital Group, KPMG Corporate Finance and Merrill Lynch & Co in addition to serving more than two years as a presidential appointee and associate director of the minority business development agency at the U.S. Department of Commerce.
Messing has worked at the bureau since 2011 and most recently was senior investment officer for hedge funds, where he built and managed a diversified $4 billion portfolio of direct hedge fund investments and a fund of hedge funds.
Before working at the buearu, Messing was a vice president at Unigestion Ltd. and as an analyst at Man Group plc — previously Glenwood Capital Investments.
The $160 billion
Those funds are the New York City Employees' Retirement System; Teachers' Retirement System of the City of New York; New York City Police Pension Fund Subchapter 2; New York City Fire Department Pension Fund Subchapter Two; and the New York City Board of Education Retirement System. Each pension fund is financially independent.
