Manager Selection
MetLife CIO Steven Goulart to Retire in August
The firm has a mandatory age-65 retirement policy, although it has been waived in the past; several corresponding promotions were also announced.
CIO Kåre Hahn Michelsen has been promoted to succeed Søren Kolbye Sørensen as head of the $21.5 billion fund.
Matt Whineray will leave the $39 billion pension fund after more than 15 years.
Torben Pedersen, the pension fund’s first employee and CEO, will leave the post after more than 30 years.
During his 28-year tenure, the endowment has posted annualized returns of 12.6%.
Deputy CIO Bruce Fink has been named interim CIO as KPERS launches national search for successor.
As Ash Williams plans to retire in 9 days, Florida announces interim.
The investment chief has overseen a nearly 12-fold increase in the pension fund’s asset value since 1992.
Fiona Reynolds will leave after nearly nine years to return to her native Australia.