Wisconsin’s Select Equity fund, launched just four months ago, aims to use such techniques as long-short pairings.
However, the Joint Staff Pension Fund’s asset value had recouped more than half of those losses by July 20.
The firm aims to raise $1.2 billion to invest in the country’s climate infrastructure.
Hill was most recently managing director and head of the sustainable energies group at Canada’s largest pension fund.
Experts say regulations adopted last month will not be easy to meet without added resources and focus.
The Meghraj Group pension’s sponsor was ordered to pony up nearly 2 million pounds following a dividend payment probe.