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Newsmakers

Ayesha Parra Appointed Global Head of Alternatives at Russell Investments

Parra will oversee the firm’s business strategy for its alternatives platform.
By Matt Toledo



Russell Investments Group LLC announced Monday that the firm has hired Ayesha Parra as its global head of alternatives.

Parra, who started in July, oversees the firm’s global business strategy for its alternatives unit, which services institutional and retail clients.

“Ayesha’s expertise in portfolio management, product development, and distribution strategy will drive our efforts to deliver innovative solutions to clients,” said Kate El-Hillow, president and CIO at Russell Investments, in a statement. “Her leadership and experience will leverage our network of alternatives specialists to develop solutions that help both institutional and retail investors tap into private market opportunities.”

Before her appointment at Russell Investments, Parra held several roles at Goldman Sachs Asset Management for more than 19 years, most recently in senior leadership roles within the firm’s external investing group. She was also a senior commodity portfolio manager at GSAM within the firm’s fixed-income group.

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Parra earned a B.A. from the University of Manchester in the U.K. and a master’s degree from the London School of Economics.

Seattle-based Russell Investments has $301.5 billion in assets under management as of June 30. 

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Home > News > Pensions > Rhode Island Pension Returns 10.47% in Fiscal 2024
Pensions

Rhode Island Pension Returns 10.47% in Fiscal 2024

Assets of the ERSRI system rose to $11.369 billion.
By Matt Toledo



The Employees’ Retirement System of Rhode Island announced in a monthly report that the pension fund achieved a 10.47% return in the fiscal year ending June 30, outperforming its benchmark of 9.6%. The fund has returned an annualized 5.84%, 9.09% and 7.31% over the past three, five and 10 years, respectively.

The pension fund allocates 55% of its investments (40% global equities, 15% private growth) to a growth portfolio comprised of private equity and non-core real estate. Fixed income comprises 12% of the fund’s portfolio. 

A crisis protection asset class comprised of Treasury duration and systemic trend strategies makes up 10% of the ERSRI’s assets. An inflation protection portfolio made up of core real estate and private real assets has an 8% allocation. Volatility protection, namely investment grade fixed income, absolute return strategies and strategic cash, make up 15% of total assets.

The global equity portfolio returned 19.99%, and the fund’s income portfolio and private growth portfolio gained 10.34% and 6.61%, respectively. Volatility protection returned 7.76%, while inflation protection and crisis protection came in at negative 1.53% and negative 1.31%.

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The ERSRI provides retirement and other benefits for 40,000 active and inactive members and more than 28,000 retirees. The pension fund has $11.369 billion in assets under management, as of June 30.

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