Big Vacancies Filled, Pension Exodus Is Over… For Now


* Losing ‘100 percent’ of top employees

* High salaries are ‘politically’ difficult at pensions

* Prospects see pensions as ‘PE universities’

With the appointment this month of Michael Bailey as chief of private equity at the $51 billion Massachusetts Pension Reserves Investment Management Board, most of the top-level vacancies for CIOs and private equity officers at the nation’s biggest pension funds have been filled. How long they’ll stay filled is the big question.

Some of the pensions that have named CIOs in the past two years include the $76 billion Oregon Investment Council, which hired John Skjervem; the $150 billion New York State Common Retirement Fund, which hired Vicki Fuller; the $77 billion ...

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