Industry News
Two managing directors will be promoted as successors.
The plan announced its next cio will be an investment officer currently with the plan.
The new investment officer, who replaces an outgoing officer, will begin next week.
The plan will interview three finalists in its search to replace Executive Director Angela Rodell, who was terminated in December.
The plan is losing a longtime member of its investment team, who will join a neighboring state pension system.
The fund will focus on lower middle market service industry companies.
They will be involved in all aspects of the investment process.
Carlton Chin joined the $3.1 billion Municipal Fire & Police Retirement System of Iowa as its first deputy cio in 2020 and was promoted to cio in July. He took the time to answer 5 questions with FIN News.
Endowments and foundations’ have seen substantial asset growth in recent years, “straining the system, including investment staff, IT, and various support functions,” but 71% of surveyed cios said they did not need to add more personnel.