IPERS appoints new chief investment officer

The US public pension has appointed former chief risk officer Sriram Lakshminarayanan as chief investment officer.

Institution: Iowa Public Employees’ Retirement System
Headquarters: Des Moines, US
AUM: $43.3 billion
Allocation to alternatives: 26.9%

Iowa Public Employees’ Retirement System has promoted Sriram Lakshminarayanan to chief investment officer, replacing former CIO Karl Koch, who retired in December, according to a recent press release from the pension.

Lakshminarayanan was IPERS’ chief risk officer, managing risk and investments in public and private equities. Prior to joining IPERS in 2014, he was director of portfolio management at Mcube Investment Technologies in Princeton, New Jersey and Plano Texas.

As illustrated below, the $43.3 billion US public pension allocates 18.19 percent of its investment portfolio to private equity.

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