The former deputy and interim CIO will oversee the investments for the state’s five defined benefit plans.
The $57 billion endowment’s allocation to private equity has steadily grown to 41% of its portfolio from 16% eight years ago.
The now-retired CIO of the Maryland pension system is regarded as a trusted mentor, a proponent of bringing investments in-house and an advocate for reducing volatility and increasing sustainability in public pension funds.
The Cleveland Clinic CIO has set up a thriving generalist team that has also become an incubator for investing leaders.