Bessemer Trust CIO Rebecca Patterson will serve a six-year term.

Move means plan contributions, PBGC premiums may rise.

EMs currently account for more than half of the world’s GDP and around two-thirds of GDP growth—that economic share is only expected to rise as EMs are projected to grow faster than developed markets (DMs) in upcoming years.

Inaugural survey revealed high level of dissatisfaction with the pension fund.

Else Bos will leave the company after more than four years at the helm.

$32 billion hedge fund said the move will allow it to invest in smaller, more liquid investments.