The Municipal Employees
Retirement System (MERS) of Louisiana has hired a permanent investment chief.
Christopher Saik, who previously
served as CIO of the Louisiana School Employees’ Retirement System (LSERS), has
joined the nearly $800 million fund, his LinkedIn confirmed.
The Baton Rouge,
Louisiana-based municipal fund had been looking to add a CIO to its staff as
early as January of 2016, according to board meeting minutes.
MERS’ board then formed a
subcommittee to perform a search for an investment chief in February, with the
help of its consultant Meketa Group.
Saik was selected out of
five qualified applicants, the minutes continued.
The newly appointed CIO had
served as investment head at the $1.7 billion neighboring fund LSERS from July
2014 to October of this year. He was interim CIO for six months prior to
becoming a permanent chief.
The CIO position at LSERS
is still vacant, according to its website. The fund is looking for a “highly qualified”
CIO with a minimum for four years of investments experience “preferably in
public sector pension administration, retirement administration, or investment