Asset Owner Spotlight: Robert “Vince” Smith, CIO, New Mexico State Investment Council

Institutional Allocator Managing Editor Leslie Kramer spoke recently with Robert “Vince” Smith, chief investment officer of the New Mexico State Investment Council (NMSIC), a sovereign wealth fund, based in Santa Fe, NM, with a $24 billion permanent endowment.  Smith shared his career trajectory leading to his current job, his passion for his work, the Council’s …

Perspectives on Obligations-Based Investing, Preserving DB Benefit Plans

Panelists at Markets Group’s Sixth Annual Texas Institutional Forum in Austin last month tackled the topic of obligation-based investment decision making by pension plans. The discussion was predicated on the idea that the typically complicated process of administering the investments of a pension plan can be simplified somewhat by focusing on a fund’s obligations or liabilities. The approach …

Endowment CIOs Score Seven Percent-Plus Pay Growth: Skorina

The typical endowment chief investment officer’s (CIO) pay has been growing at a compound rate of more than seven percent per year, according executive search firm Charles A. Skorina & Company. In a report published by the firm last week that updates its previous report on CIO compensation published last month (IA, 11/8), the firm says …

Cal. State’s Controller Betty Yee Speaks from her Seat on CalPERS, CalSTRS Boards

Betty Yee, California’s 32nd state controller and chief financial officer, will this week deliver the Breakfast Welcome Address at Markets Group’s 6th Annual California Institutional Forum in Sonoma. Yee is a board member of the $346.8 billion California Public Employees’ Retirement System (CalPERS) and the $219.2 billion California State Teachers’ Retirement System (CalSTRS), the two …

Kentucky’s Pension Funding Ratio Tumbles; Fund Accelerates CIO Search

The assets-to-liabilities funding ratio of the Kentucky Retirement System (KRS) in Frankfort fell to 12.9% on June 30, from 13.6% earlier, according to a report to the system’s board by the fund’s actuaries last week.  Some at the fund expect the ratio to fall further before bottoming out. The pension fund had approximately $2 billion …

Fireside Chat: Semper Capital CEO Gives Back

Earlier this month, Greg Parsons, CEO of Semper Capital Management, a New York-based asset management boutique with approximately $3.2 billion in assets under management, addressed a group of service-disabled veterans, military spouses and caregivers who were nearing the end of a five-month business and entrepreneurship fellowship program at Georgetown University, which included real-life work experience at a non-profit …

IA Strategy: NMSIC Formulates Pre-Recession Strategy: More Cash, Less Public Equities

Robert “Vince” Smith, chief investment officer (CIO), of the $24 billion New Mexico State Investment Council (NMSIC), a permanent endowment for the state of New Mexico and the third largest domestic sovereign wealth fund in the U.S., is all about planning ahead. In a roundtable discussion at MarketsGroup’s Southwest Forum in New Mexico, in September, Smith said …

Notre Dame’s CIO Best Paid Among College E&Fs: Skorina

University of Notre Dame endowment’s (AUM $9.4 billion) Chief Investment Officer (CIO) Scott Malpass, Yale University endowment’s ($27.2 billion) CIO David Swensen, and Columbia University endowment’s ($10 billion) CIO Peter Holland took home the most income among endowment CIOs in 2015 (the most recent period for which this data is available), at $4.3 million, $3.9 million, …

Cybersecurity is a Bigger ESG Concern for Institutions than Climate Change, Terrorism

“Cybersecurity risk is now a board-level concern, and how companies both prepare and react – or don’t – can have long-term implications on share value,” Jennifer Peet, corporate governance director for the Office of Oregon Treasurer and the Oregon Public Employees’ Retirement Fund told IA’s Kaitlyn Mitchell. “Cybersecurity has been a growing concern for several …

Colorado County Names New Executive Director

The board of the $1.9 billion Colorado County Officials & Employees Retirement Association (CCOERA), in Littleton, has named Elizabeth Price as the Association’s new executive director (ED). The previous ED, Jacob Kuijper, retired in March. Marvin Tuttle has played the role of interim ED since. The fund’s ED is responsible for directing, managing, planning, preparing and …