MassPRIM Sets Pay Plan To Stanch Brain Drain


Pension Manager: Massachusetts Pension Reserves Investment Management Board

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

PE Assets Managed: $5.9 Billion (Oct. 31, 2012)

PE Allocation (Target): 11.6% (10.0%) (Oct. 31, 2012)

Chief Investment Officer: Michael Trotsky

Fresh from taking on the additional role of chief investment officer, Michael Trotsky, executive director of the Massachusetts Pension Reserves Investment Management Board, moved to shore up his agency’s brain drain by pushing through a new compensation plan that aims increases incentives for strong performance. The plan was approved at MassPRIM’s Dec. 6 board meeting.

The $51 billion pension management agency has been hemorrhaging senior talent during the past two years. Among the notable people who have decamped for better-paying jobs in the private sector are the agency’s previous chief investment officer, Stanley Mavromates, who left ...

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