Missouri LAGERS Begins Search for New CIO

CIO Brian Collet, who has led the system to 8.5% annualized returns over the last 15 years, will depart at the end of January.



The Missouri Local Government Employees Retirement System announced on Wednesday the retirement of CIO Brian Collet, whose retirement is effective January 31, 2024. Deputy CIO Megan Loehner will take over in the interim while LAGERS looks for a full-time replacement.

“Brian has been instrumental in modernizing LAGERS’ portfolio and helping ensure a financially sound retirement system for our members,” LAGERS Executive Director Bill Betts said in a press release. “We are grateful for the dedication and expertise Brian has brought to our organization.”

LAGERS plans to retain an executive search firm to assist in the search for the funds next CIO.

Collet joined LAGERS in 2005. Under his tenure, LAGERS AUM grew to $10.1 billion from $2.9 billion and returned an annualized 8.5% over the past 15 years, outperforming its benchmark by 1.8%, as of September 30, 2023.

For more stories like this, sign up for the CIO Alert newsletter.

“I wish to express my deepest gratitude for the opportunities for growth and development provided to me during my tenure,” Collett said in the release. “I am proud of what we have achieved together, and I am confident that LAGERS is well-positioned for continued success.”

Before his tenure at LAGERS, Collet was a senior research manager at the South Carolina Retirement System Investment Commission and a senior technology analyst at Russell Investments. He earned a Bachelor of Science in mathematics from Marian University Indianapolis and an MBA in finance from the Lacy School of Business at Butler University, and holds the CAIA and CFA designations.

Related Stories:

Texas Municipal Retirement System Hires New CIO From CalPERS

Illinois SURS CIO Doug Wesley to Retire

GuideStone Financial CIO David Spika to Retire at End of Year

Tags: , , , , ,

The New York State Common Retirement Fund To Host Emerging Manager Conference

The 17th Annual Emerging Manager & MWBE Conference to be held in Albany. 



Emerging investment managers will be able to connect with the New York State Common Retirement Fund at a conference on February 16, 2024.
The 17th annual emerging manager and minority- and women- owned business enterprises conference seeks to introduce emerging managers to the investment process and manager selection operations of the third-largest public pension fund in the country.  

This event is a funnel for the fund’s emerging manager program, which seeks to nurture relationships with newer, smaller and diverse investment management firms. To date, the Common Retirement Fund has allocated $10.208 billion to emerging managers, and $31.582 billion to MWBE firms, as of March 2023.  

Speakers at the event will include Sylvester McClearn, interim director of the emerging manager program, Thomas P. DiNapoli, New York State Comptroller, CIO and Deputy Comptroller Anastasia Titarchuk and Orlando Bravo, founder and managing partner of Thoma Bravo, a private equity investment firm 

The conference will be held in Albany, NY, from 9:30 AM to 4:00 PM.  

For more stories like this, sign up for the CIO Alert newsletter.

Related Stories: 

Texas TRS, ERS to Host Emerging Manager Conference 

NYC Pensions Increase Allocation to Emerging Managers Following Outperformance 

New York Common Commits More Than $600 Million in March Investments 

Tags: , , , , ,

«