The chief investment officer at the City of Philadelphia Board of Pensions & Retirement killed himself over the weekend after spending less than a month in the role.
Michael Donatucci, 30, committed suicide Friday night (15 July) and was found by fiancée Meghan Klein, according to his Philadelphia Inquirer obituary . The pension fund declined to comment. Michael's father, Ronald Donatucci, told the newspaper his son fought mental health issues.
The Philadelphia pension fund provides retirement benefits for all City employees. It manages about $4.4 billion in assets, with some 9% or $0.4 billion of the fund allocated to private equity, and a target allocation of 14%, according to PEI Research & Analytics. It has invested in funds managed by Capital Dynamics, Veritas Capital, and Vista Equity Partners, PEI data shows.
Before taking the CIO position with the city pension fund in June, Donatucci held multiple roles at advisory and investment firm SEI Investments Company, based in Oaks, Pennsylvania, according to his LinkedIn profile .
Donatucci replaced former CIO Brad Woolworth, who left in April for family reasons, according to press reports at the time. Before becoming CIO, Woolworth served as the deputy CIO for the pension fund.