Tue, Jul 22, 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   |   
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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  3. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  4. Opalesque Roundtable: European family offices struggle to retain their investments in offshore hedge funds[more]

    Komfie Manalo, Opalesque Asia: The European Union’s Alternative Investment Fund Managers Directive (AIFMD) will constrain investment opportunities amidst concern a number of U.S. fund managers will stop marketing their products in the European Union under the new rule, said Valentin Bohländer fro

  5. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm