Alex Doñé, Group Head of Private MarketsNew York City’s public pension system has named new leaders for its two highest ranking investment roles below the CIO: Group heads of public and private markets.
Former Soros Fund Management global macro investor Michael Haddad joined Monday as head of public equities, fixed income, hedge funds, and short-term trading, the city comptroller announced. Haddad also previously held senior portfolio management positions at Morgan Stanley and Caxon Associates, a multi-billion dollar hedge fund founded by Bruce Kovner.
On the private markets side, Alex Doñé has climbed to group chief after 13 months leading private equity for the $162 billion system. The promotion added infrastructure and real estate to his responsibilities, putting Doñé in charge of $17 billion in private and real assets (according to October 2015 valuations).
Doñé, like Haddad, spent years in private-sector investment roles prior to joining the New York City Bureau of Asset Management in 2012. “Improving the operations of our pension funds is a top priority for our administration.”
In announcing the appointments, Comptroller Scott Stringer praised both appointees for their “talent, financial acumen, and leadership ability,” predicting that they will make “an immediate impact at the Bureau of Asset Management.”
“Improving the operations of our pension funds is a top priority for our administration,” Stringer said.
Doñé earned $164,827 in 2015 as head of private equity, according to government payroll data complied by the Empire Center, a state think tank.
Haddad’s compensation has not been announced, but current the hedge fund chief made $143,783 last year. CIO Scott Evans—the second-highest paid employee of the Office of the Comptroller—earned $212,462.