Former Oregon CIO to replace long-time Utah pension exec

After more than two decades leading the investment program at Utah Retirement Systems, Bruce Cundick is retiring and former Oregon State Treasury CIO John Skjervem is replacing him on November 8.

The Utah Retirement System pension fund grew from $13 billion to $43 billion over his tenure. With an annual average return of 7.8%, officials said that the pension outperformed more than 90% of similarly sized public pension plans according to investment consulting firm Callan and Associates.

“I’ve been grateful to be involved in such a world-class organization,” Cundick said. “I have . . .

Continue Reading

Unlock this article instantly, along with the rest of our premium content, newsletters and data tables tracking investor and manager activity. Monthly and annual subs available.

Get started

Back to top button

Start Your Days in the Know

 

Get fresh alts intel in your inbox with our FREE newsletter!

You have Successfully Subscribed!