The $18.6 billion Maine Public Employees Retirement System has begun a search to hire a new deputy CIO, according to a LinkedIn posting. The search is being led by the executive search firm Hudepohl & Associates.
The position was vacated by Zack McGuire, who served as deputy CIO for a year and a half until his departure to Children’s Healthcare of Atlanta in June, where he now serves as senior managing director of investments.
According to the job description on the MainePERS website, candidates need to have a minimum of seven years of relevant investment experience, with a preference for CFA/CAIA charterholders and those with an advanced degree. The description also states a preference for candidates with experience managing institutional assets; experience in private markets and hedge fund investing; and awareness and understanding of environmental, social and governance considerations in institutional asset management.
MainePERS provides retirement, disability, insurance and other benefits to the state’s teachers, state, county and municipal employees. MainePERS has reported one-, five- and 10-year returns of 7.6%, 7.7% and 7.7%, respectively. The fund’s current CIO is James Bennett, who was promoted from deputy CIO in April 2020.
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Tags: DCIO, Hudepohl & Associates, Maine Public Employee Retirement System, MainePERS, Zack McGuire