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New Mexico PERA CIO Steps Down

by trusted insight posted 5years ago 1191 views
The Public Employees Retirement Association (PERA) of New Mexico’s Jonathan Grabel resigned as chief investment officer as of March 31, 2017. The $14.7 billion pension has appointed Jude Perez as the interim chief investment officer, effectively immediately. 

Jonathan Grabel joined New Mexico PERA as chief investment officer in January of 2014. During his three years at the state pension, the retirement fund's assets under management grew from $13.9 billion to $14.7 billion. Previously, Grabel was the chief investment officer at Montgomery County Public Schools. Prior to that, he was a general partner at private equity firm Baker Capital for 13 years. His next post has not yet been disclosed. Grabel was named on Trusted Insight's Top 30 Pension Chief Investment Officers. Read his exclusive interview here.

Grabel's interim successor, Jude Perez, is currently the deputy chief investment officer. Perez has a strong background in real estate underwriting from being a land associate at KB Home. He holds an MBA from the University of New Mexico and a B.A. in philosophy from the University of Nevada, Las Vegas. Perez was named on Trusted Insight’s 2016 Top 30 Future Chief Investment Officers At Pension Funds. Read his exclusive interview here