Trio of Pensions Appoint New CIOs

Hiring new chief investment officers was the order of business this week at three of the nation’s pension funds in Illinois and Connecticut. The $25 billion Illinois Municipal Retirement Fund named Dhvani Shah as its new chief investment officer. She will start her new role on Dec.19. Shah comes to IMRF from the $90 billion New York State Teachers’ Retirement System, where she has been managing director of the fund’s private equity investments. She joined NYSTRS in 2009.

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