After More Than A Year, MassPRIM Names New PE Chief

Pension Manager: Massachusetts Pension Reserves Investment Management Board

Assets Managed: $51 Billion (Oct. 31, 2012)

PE Assets Managed: $5.9 Billion

PE Allocation (Target): 11.6% (10.0%)

Chief Investment Officer: Michael Trotsky

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. He will start on Feb. 26. The post was previously held for several years by Wayne Smith, who left in July 2011.

The $51 billion pension system oversaw $5.9 billion in private equity capital as of Oct. 2012, about 11.6 percent of the portfolio. The pension’s long-term private equity allocation target is 10 percent. Bailey comes to MassPRIM from High Vista Strategies, ...

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