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May 29 (Bloomberg) — Scott Evans, who managed almost $500 billion in proprietary assets at the TIAA-CREF retirement system, was named chief investment officer of New York City’s $150 billion pension funds, Comptroller Scott Stringer said.

Evans, 55, retired in 2012 after 27 years at New York-based TIAA-CREF, which manages pensions for more than 3.7 million people in academic, research, medical and cultural fields, according to a statement from Stringer’s office. Evans will take over July 14 from Seema Hingorani, who has overseen the city’s five funds for 700,000 people since October, when Larry Schloss departed.

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