Massachusetts Pension Reserves Investment Management Board related stories
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MassPRIM Chief Likely To Add CIO RoleAt the urging of Treasurer Steve Grossman, the investment committee for the $49 billion Massachusetts Pension Reserves Investment Management Board has voted to recommend that Michael Trotsky, the pension’s executive director, formally take on the additional role of chief investment officer.
- MassPRIM Chief Likely To Add CIO Role
At the urging of Treasurer Steve Grossman, the investment committee for the $49 billion Massachusetts Pension Reserves Investment Management Board has voted to recommend that Michael Trotsky, the pension’s executive director, formally take on the additional role of chief investment officer. The committee’s recommendation is set for a final board vote on Oct. 2.
- Canadian Shop Surpasses C$400M For Fund III
TorQuest Partners Inc. has raised more than C$400 million ($405.7 million) for its third fund, a source familiar with the fundraising effort told Buyouts.
- Exodus Continues at MassPRIM, CIO Stanley Mavromates Departs for Mercer
Stanley Mavromates Jr., MassPRIM's chief investment officer since 2005, announced he is leaving the $50 billion pension system to be CIO of consulting firm Mercer.
- Week's Top Posts Focus on IRRs for UC and Florida, Q3's Most Active Acquirors, Solyndra Fallout
Time to catch up on the stories your colleagues found most compelling on peHUB this week. Here are the top 10 posts that garnered the most pageviews from regular readers from Sept. 19 to Sept. 23. One: Trouble Making Ends Meet: Top 10 Cash Returning Funds In Cal Regents’ Venture Portfolio (Slideshow) https://admin.venturecapitaljournal.com/119086/trouble-making-ends-meet-top-10-cash-returning-funds-in-cal-regents%E2%80%99-venture-portfolio-slideshow/ -- by Mark Boslet Two: Slideshow: Face Scrubbers, Balloon Trips: 16 at CalPERS Face Fines for Alleged Gift Violations https://admin.venturecapitaljournal.com/118819/slideshow-16-alleged-calpers-gift-violators-face-fines/ (subscribers only) -- by Gregory Roth Three: Slideshow: Q3’s Most Active Buyers https://admin.venturecapitaljournal.com/119304/slideshow-q3s-most-active-buyers/ -- by Bernard Vaughan Four: Slideshow: Top-Performing PE/VC Funds for State of Florida https://admin.venturecapitaljournal.com/119636/slideshow-top-performing-pevc-funds-for-state-of-florida/ -- by David Toll Five: Wringing Money from a Flagging Venture Fund https://admin.venturecapitaljournal.com/119221/wringing-money-from-a-flagging-venture-fund-for-a-price/ — for a Price -- by Connie Loizos Six: Blackstone Looks to Advise Startups https://admin.venturecapitaljournal.com/119323/blackstone-looks-to-advise-startups/ -- by Luisa Beltran Seven: Pressure on Solyndra Backers Intensifies https://admin.venturecapitaljournal.com/119217/pressure-on-solyndra-backers-intensifies/ -- by Roberta Rampton, Reuters Eight: Soros, Schwarzman Move Up On Forbes 400 Richest List https://admin.venturecapitaljournal.com/119552/soros-schwarzman-move-up-on-forbes-400-richest-list/ -- by Luisa Beltran Nine: Obama Pitches Changes to Carried Interest; PEGCC Rebuts “Buffett Rule” https://admin.venturecapitaljournal.com/119161/obama-pitches-changes-to-carried-interest-pegcc-rebuts-buffett-rule/ -- by Luisa Beltran Ten: MassPRIM Loses Second PE Manager https://admin.venturecapitaljournal.com/119417/massprim-loses-second-pe-manager/ -- by Gregory Roth
- MassPRIM Loses Second PE Manager
The exodus continues on MassPRIM’s private equity team. Less than two months after the departure of Wayne Smith, Massachusetts Pension Reserves Investment Management http://www.mapension.com/default.asp ’s private equity chief, the pension’s second-most-senior private equity manager, Senior Investment Officer Michael Langdon, also said that he was planning to leave. Langdon’s last day at MassPRIM is set for be Oct. 14, when he will join London-based Hermes Global Private Equity http://www.hermesgpe.com/ and help establish the firm’s Boston office. Hermes manages $7 billion in private assets, including $1 billion in the U.S. A spokeswoman for the $41 billion pension, Alethea Harney, said the timing of the two departures was an “unfortunate coincidence” and that the two departures “were not related in any way.”