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.
The new trustees, which are responsible for general oversight and management of the institution, including protection and enhancement of assets, include two investment professionals.
The foundation has hired a recently departed university cio as its new managing director of investments as its investment head it set to retire at the end of the year.
The foundation is seeking an investment professional to help conduct research on new and existing investment managers as well as support portfolio management, risk management and communications efforts.
The college hired an investment operations director earlier this month after they worked at a nearby university foundation in the same role for more than four years.