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WSIB Executive Director Theresa Whitmarsh Leaving Top Spot
Her retirement follows the investment board losing its long-serving CIO in 2019 and appointing Allyson Tucker to the role last year.
Longtime Washington State Investment Board (WSIB) Executive Director Theresa Whitmarsh is retiring at the end of 2021.
Whitmarsh, who has served in WSIB’s top spot for the past 12 years, disclosed her decision to leave WSIB at the board’s May 20 meeting.
Her retirement comes after WSIB’s longtime CIO Gary Bruebaker retired at the end of 2019. He had worked in the investment business for 40 years and spent 18 years as the pension system’s CIO.
New York City Comptroller: Ax Rule Forcing Private Equity to Pay Legal Bills
Mandate now forces PE operators to cover their own litigation tabs in disputes, instead of passing along the costs to NYC pension fund investors.
Scott Stringer is worried. New York City pension funds are having a tough time enlisting private equity (PE) firms due to a requirement that PE outfits pay for litigation expenses out of their own pockets instead of shunting the cost onto investors.
So, as the city official overseeing the funds, City Comptroller Stringer is urging fund trustees to scrap this rule, which would help the buyout firms if they run into trouble with regulators or other litigants, as first reported by the
Veteran Series: Chris Ailman ‘A World Class Asset Manager’
Two decades into his tenure, the investment chief continues to lead US public pension funds into the future.
Chris Ailman, CIO of CalSTRS
Editor’s Note: Chris Ailman is one of the stellar CIOs who will be featured on our upcoming Power 100 list, to be released in February.
Chris Ailman never expected to work as a government employee for this long. Once, in another lifetime, the investment chief of the California State Teachers’ Retirement System (CalSTRS) considered a career as a commercial airline pilot, possibly even joining the Navy with his skill.