Opalesque Industry Update — The Chartered Alternative Investment Analyst (CAIA) Association, sponsor of the CAIA designation, the benchmark for alternative investment education worldwide, today announced the appointment of Robert De Rito, Head of Financial Risk Management at APG Asset Management US, to its board of directors. "We warmly welcome Bob De Rito, a seasoned and experienced investment professional and representative from an investment adviser to, among others, one of the largest pension funds in the world," said Florence Lombard, CEO of the CAIA Association. "We look forward to his contribution to the board, especially in ensuring that the CAIA Association continues to provide the type of education investors require to fulfill their fiduciary responsibilities in very challenging markets." APG Asset Management US is an adviser to Dutch pension funds and does not provide advisory services to persons in the United States. De Rito has risk-management responsibility for the Americas investments, including hedge funds and other alternative investments. De Rito has some twenty years of experience in the investment field, including quantitative research, quantitative portfolio management, trading, clearing, consulting, and risk management. He is a member of both the AIMA Council (board of directors), at which he represents the Americas, and of AIMA's Investor Steering Committee. Prior to his investment career in New York, De Rito was Geophysicist at the United States Geological Survey in Menlo Park, California. He has Ph.D. and M.S. degrees from the University at Buffalo. (press release) APG Asset Management US is a subsidiary of the Dutch based APG, based in New York. It manages US pension fund assets of $60 billion (May 2011). APG carries out collective pension schemes for participants in the education, government, and construction sectors; cleaning and window-cleaning companies; housing corporations; and energy and utility companies. APG manages pension assets of approximately 280 billion euros in total (May 2011) for these sectors. Neither APG Asset Management US nor APG provide advisory services to persons in the United States. APG works for over 30,000 Dutch employers and provides for the income of around 4.5 million Dutch participants. APG administrates over 30% of all collective pension schemes in the Netherlands. APG also has a subsidiary in Hong Kong, APG Asset Management Asia. www.apggroup.com |
Industry Updates
Chartered Alternative Investment Analyst (CAIA) Association appoints Robert De Rito, APG Asset Management US, to board of directors
Thursday, August 18, 2011
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