Industry News
The plan is losing a longtime member of its investment team, who will join a neighboring state pension system.
The fund will focus on lower middle market service industry companies.
They will be involved in all aspects of the investment process.
Carlton Chin joined the $3.1 billion Municipal Fire & Police Retirement System of Iowa as its first deputy cio in 2020 and was promoted to cio in July. He took the time to answer 5 questions with FIN News.
Endowments and foundations’ have seen substantial asset growth in recent years, “straining the system, including investment staff, IT, and various support functions,” but 71% of surveyed cios said they did not need to add more personnel.
The real assets sustainability consultant’s new office will seek to tap demand for ESG consulting in North America.
The new trustees, which are responsible for general oversight and management of the institution, including protection and enhancement of assets, include two investment professionals.
The principal will focus on domestic investments with a focus on early-stage companies.
The cio is stepping down from the role to pursue another opportunity in the area.