LACERA outperformed its benchmark by 140 basis points to raise its portfolio’s asset value to $73.6 billion.
Tag: Chief Investment Officer
He succeeds Christopher Conkey, who will step down in December after more than 13 years with the firm.
CIO Kåre Hahn Michelsen has been promoted to succeed Søren Kolbye Sørensen as head of the $21.5 billion fund.
Caroline Lovelace succeeds the company’s founder, Floyd Tyler Jr., who passed away in January.
His co-head of investment and wealth strategies, Beata Kirr, leaves to join private investing firm The Copia Group.
Ohio and Texas pension funds were among investors who lost millions as a result of James Velissaris’ fraud.
BC-GUMPS’ first fund will hold a concentrated portfolio of credit default swap positions.