Sat, Oct 25, 2014
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   |   

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t