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Mon December 17, 2012
Raimondo hires new chief investment officer for state
State Treasurer Gina Raimondo has hired Anne-Marie Fink as the state's chief investment officer, replacing Kenneth Goodreau, who, Raimondo says, is leaving after four years for a CIO job with TIG Advisors, effective January 1.
Via news release:
Fink will be responsible for managing the state's $7.3 billion dollar pension system.
"Our top priority continues to be to keep the pension fund sustainable for retirees, employees and taxpayers," Raimondo said. "Anne-Marie is a successful finance professional who understands the importance of providing retirement security and will work to manage the portfolio's risk and volatility while producing steady returns in these turbulent financial times."
Most recently, Fink worked as a managing director and a portfolio manager at J.P. Morgan Private Bank. She received her MBA in finance and international business from Columbia Business School in 1995 and is also a 1987 graduate of Yale University.
The state pension fund earned just 1.4 percent for the 2012 fiscal year -- far below an expected return of 7.5 percent -- although Raimondo cautioned that that figure shouldn't be viewed through a short time window.