Everything you’ve heard about the disaster at Hawaii’s pension fund is wrong — except the disaster part. Firing the chief investment officer was the final order of business at the Hawaii pension board’s regular meeting on February 12. U.S. stock markets had just crashed for the first time in years, and Chattergy was overseeing his state’s $17 billion pension fund. After seven years with the organization, Chattergy was told by his bosses that Monday that he was done, effective immediately.