Filling a key position that had been vacant for a year and a half, the Massachusetts Pension Reserves Asset Management Board, the state’s main pension body, named Michael Bailey as its new head of private equity, according to Buyouts…
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Stanley Mavromates Jr., MassPRIM’s chief investment officer since 2005, announced he is leaving the $50 billion pension system to be CIO of consulting firm Mercer.
Wayne Smith, who has overseen the $5.4 billion private equity program for Massachusetts Pension Reserves Investment Management (MassPRIM), announced plans to step down and join Pathway Capital Management, a fund-of-funds company with $23 billion under management.
As senior investment officer, Smith has managed MassPRIM’s private equity assets since 2002. He joined the pension system in 2000, and reported to Chief Investment Officer Stanley Mavromates.