Fri, Mar 27, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Opalesque Exclusive: Deputy CIO of Utah Retirement Systems to move into private sector

Thursday, April 03, 2014
Opalesque Industry Update - Larry Powell, who since 2008 had been Deputy CIO of the Utah Retirement Systems, today announced his resignation to focus on the next chapter of his career, where he will be looking for opportunities in the private sector (Foundations/Endowments or Family Offices).

He said, "With over 30 years in the business and almost 6 years at Utah, it is time for me to move on as I have essentially worked my way out of the job I was brought to Utah to undertake. I am sure my team will miss me as I know I will miss them, however, I feel like I have left Utah in good standing with a strong investment program and proud to say I helped them get to where they are today."

The Utah Retirement System (URS) is a public pension plan created by the State of Utah legislature to manage the retirement benefits of all public employees in the State of Utah. At most recent quarter end, the Plan’s assets exceeded $22 billion with 60% of the Plan’s assets invested in traditional equities and bonds and 40% spread across private equity, hedge funds and real estate. A total of 17 investment professionals oversee the investment and management of the Plan’s assets.

Before joining URS, Powell was Managing Director External Public Markets at the Teacher Retirement System of Texas, and before that Chief Investment Officer at Rohden Capital/Funds Management.

In 2009, Utah Retirement Systems was named "Public Plan of the Year", and Powell was presented with the "Most Significant Contribution to Hedge Funds for the Year" Award in 2009 by II Magazine for his work with Alignment of Interest.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner