US - Robert Borden (pictured) has left his position as executive director of the US$7bn Louisiana State Employees' Retirement System (LASERS) to become CIO of the South Carolina Retirement System Investment Commission.
In his new role, Borden will develop and execute investment strategies for the $26bn retirement fund serving South Carolina’s public employees.
Borden spent 11 years with LASERS, during which time he helped more than double the fund’s size.
LASERS investment returns in 1995 ranked in the bottom 5% of public pension funds, but is now a consistent top quartile performer, said Borden [pictured].
”These investment returns have put LASERS in a posture to recommend the seventh Cost of Living Adjustment for retirees in the past ten years.”
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