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Peter Madsen, who has served as director and cio of the Utah School & Institutional Trust Funds Office for almost nine years – helping oversee and manage its approximately $3 billion permanent school fund, took the time to answer five questions, plus a few extra, with FIN|News.
His last day at the firm will coincide with his four-year anniversary in the position.
The plan is considering adding core and core-plus fixed-income managers to its portfolio.
The state is seeking a firm to help create a special purpose vehicle for in-state investments.
He will be responsible for institutional distribution strategies, business development, marketing and client service for the firm.
The new global head of fixed-income will join the firm in August.
The selected firm will also be expected to provide investment services related to record keeping and administration.
Jean Hsu will retire in July after 25 years at the plan.
The plan also eliminated its 20% covered calls and 2.5% REITs targets.