Ellen Hung
The Nebraska Investment Council, a state agency managing $36 billion across the state’s pension funds, has hired Ellen Hung as a state investment officer, replacing Michael Walden-Newman, who had been in the position for nearly nine years, the council announced in a press release. Newman will retire on December 7, according to the release, shortly after Hung starts on December 3.
Out of the investment council’s $36 billion in assets, $16.3 billion are spread out between five different defined benefit pension plans: $8.5 billion in the operating investment pool, $3.8 billion across seven other retirement plans, $5.9 billion across four college savings plans and $1.5 billion across 11 public endowments.
“We are very pleased that Ms. Hung is coming to Nebraska,” said Gail Werner-Robertson, the council’s chair, in a press release. “She has the right skills to prudently invest the state’s assets and lead our respected investment team.”
Prior to this role, Hung was the deputy CIO of the State Universities Retirement System of Illinois, overseeing the pension fund’s $23.3 billion in assets, a role she began in January 2018.
Hung’s previous tenures include more than two years as assistant chief executive officer of the Santa Barbara County Employees’ Retirement System; shorter stints as deputy director of finance and treasury for the city of San Jose, California and as managing director and portfolio manager at GE Ratté Asset Management; more than 10 years as city treasurer for Spokane, Washington; and more than six years as a portfolio manager and investment analyst at Southern California Edison.
Hung earned a bachelor’s degree in business and an MBA from the Rensselaer Polytechnic Institute.
Tags: Ellen Hung, Michael Walden-Newman, Nebraska, Nebraska Investment Council