Mississippi PERS CIO Lorrie Tingle Retires

Lorrie Tingle

Lorrie Tingle has retired after more than two decades as chief investment officer of the Mississippi Public Employees’ Retirement System, the organization confirmed.

Tingle exited the fund on June 30 after 23 years, Shelley Powers, its communications director, told CIO in an email. Tingle oversaw the investments department since June 1, 1996, according to the $28.3 billion pension fund’s executive page. Her former spot comes up as “vacant,” meaning she had no successor in place.

Deputy CIO Andrew T. Hoeniges will be the interim investment head until Tingle’s replacement is found.

“We look forward to working with him in this capacity,” Executive Director Ray Higgins said. “Together with our investment consultants, we’ll continue to monitor/manage our portfolio with a focus on continuity during the transition.”

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Higgins said the search and other “long-term staffing needs” will be addressed eventually, as Mississippi PERS’s current focus is “continuity and transition.”

The fund is also looking for an internal auditor, according to the executive staff page. It recently promoted Dr. Brian Rutledge, University of Mississippi Medical Center chief of staff, from vice chair to chair of its board of trustees. Chris Howard, executive director of the Mississippi Department of Rehabilitation Services, will succeed him.

The retirement system added $75 million to the Westbrook Real Estate Fund XI, according to Pensions and Investments.

The plan’s allocations as of March 31 were 32.42% international equity, 26.43% domestic equity, 20.09% fixed income, 10.33% real estate, 7.96% private equity, and 2.77% in cash and cash equivalents, according to board minutes from its April meeting.

Tags: Lorrie Tingle, Mississippi, Mississippi Public Employees’ Retirement System (PERS), Pension, Retirement

The new secretary to the Church of England’s Ethical Investment Advisory Group (EIAG) is Anna McDonald.

The group is a consultancy that helps steer some of the investment decisions for the Church Commissioners, Pension Board, and church funds managed by CCLA Investment Management, which the Church of England calls its National Investing Bodies. Its purpose is to make sure the prospective allocations are ethically in-line with the church’s expectations.

She will start in mid-September, succeeding Stephen Barrie, who was hired in January as deputy director of ethics and engagement to the church’s pensions board. He has also been serving as interim secretary.

McDonald was previously Barclays’ head of corporate banking in the eastern region, where she focused on sustainable investing and green banking. She also worked at BNB Paribas.

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“The EIAG is the authoritative voice for distinctly Anglican ethical investment policy advice,” said John Ball, the Church of England Pensions Board’s chief executive. “Its work program covers a huge variety of ethical investment issues, from traditional subjects such as alcohol and corporate tax, to the ethics of different asset classes or sectors, through to cutting edge technologies.”

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Tags: Anna McDonald, Church of England, Ethical Investment Advisory Group, Pension