Maryland State Retirement and Pension System has hired an executive search firm, Korn/Ferry International, Pensions & Investments reports. The Los Angeles-based firm will assist the system in searching for its CIO.
The new officer will be responsible for the investments of the $36 billion system and will have full discretion to hire and terminate asset managers. Mansco Perry, the previous CIO, left on Oct. 3, 2010 to become CIO of the $587 million endowment fund of Macalester College, Minnesota.
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