The pension fund increased its asset value to nearly $22.3 billion for the year that ended June 30.
The 2023 NextGen honoree moves from the Hawaii Employee Retirement System.
Coming from New Mexico’s PERA, where she was deputy, the new chief replaces Elizabeth Burton.
Hodel succeeds Elizabeth Burton for his second stint in the role.
The asset value for the state retirement system’s portfolio increases to $18 billion.
Pension fund returns 5.8%, a whole point-plus more than the goal.
Elizabeth Burton finds value in a selective approach to an asset class that hasn’t done well lately.
Increased contributions and stress tests are key to Hawaii’s financial health.
Actuary forecasts it will take 25 years for retirement system to become fully funded.
Head of Maryland’s quant strategies group will replace Vijoy Chattergy.