US- The Ohio Public Employee Retirement System (OPERS) is seeking a new chief investment officer, following the departure of Neil Toth.
Toth is leaving his position at OPERS because of medical issues. While a search for a new CIO is conducted, Jennifer Hom, assistant investment officer for global bonds, will be acting chief investment officer. Toth will serve in an advisory capacity as health permits, according to OPERS.
During Toth’s six years as CIO, he led the evolution of OPERS’ asset allocation to higher return assets such as US and international stocks and private market investments. For the three years ended September 2004, the system’s investment return ranked in the top quartile of a universe of public plans with assets in excess of US$10 billion. Over a five-year period, OPERS’ results rank in the top half of the universe.
“Through his vision, hard work, intelligence and perseverance, Neil has shepherded the investment division through tremendous change and growth and, in the process, transformed our investment program into a top-tier operation,” said Laurie Fiori Hacking, OPERS executive director. “He has led his staff to great achievements and excellent performance results.”
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