Tue, Jul 26, 2016
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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe