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CalPERS, NY State Common Retirement Fund Lose Star CIOs: May 2018 People Moves

by trusted insight posted 3years ago 1718 views

Two of the largest U.S pension funds announced the retirements of their respective chief investment officers, the CIO Council added yet another leader to their team, and Emory continues to expand its investment office. Meanwhile, Kleiner Perkins' long-time general partner is parting ways to launch her own life sciences venture fund. Here are the top moves made by asset allocators and asset managers in May 2018: 

Asset Allocators:
Ted Eliopoulos, chief investment officer of California Public Employees' Retirement System, announced his departure from the $356.6 billion pension fund at the end of 2018 to spend more time with his family.

Vicki Fuller, chief investment officer of New York State Common Retirement Fund, announced her retirement after more than 6 years at the helm of the $206.9 billion pension to pursue other opportunities.

Alternative Investment Management recently announced that Jason Klein, senior vice president and chief investment officer of Memorial Sloan Kettering, joined the firm’s Chief Investment Officer Advisory Council. The privately owned investment management firm’s CIO Council serves as a forum for the exchange of ideas and insights. The four other members include Paula Volent, CIO of Bowdoin CollegeLarry Kochard, CIO of Makena Capital ManagementErik Lundberg, CIO of the University of Michigan, and Michael Condon, former CIO of Southern Methodist University.

James Edwards and Matthew Werner were named managing directors at Emory Investment Management and will join the $6.9 billion endowment on July 1. Edwards is currently a portfolio manager at UCLA Investment Co. Werner is currently director of credit, multi-strategy & emerging markets at Spider Management Co., the investment office of the University of Richmond. 

Tom Arnold, deputy global head and head of America's real estate, is to replace Bill Schwab as global head of real estate at Abu Dhabi Investment Authority. Arnold will take up the new position of global head of real estate at the sovereign wealth fund in June.

Sean Crawford, chief investment officer of the New York Metropolitan Transportation Authority, was named as chief investment officer of the Connecticut Retirement Plans & Trust Funds. He replaces Laurie Martin, deputy chief investment officer of the $34 billion pension, who took on the role on an interim basis after Deborah Spalding resigned as the chief investment officer in 2017

David Eager, interim director of the Kentucky Retirement Systems, was named as executive director of the $17.4 billion pension fund. William A. Thielen, the board’s previous executive director retired in September 2016.

Asset Managers:
Beth Seidenberg departed Kleiner Perkins after 13 years to start her own life sciences venture fund in Los Angeles.

Sarah Smith joined investment firm Bain Capital Ventures as its first female partner and will focus on early-stage investments across business, consumer technologies and marketplaces. Smith was previously an investor at Graph Ventures.

View Trusted Insight's monthly people moves roundups here.