Arizona PSPRS names new CIO

The US retirement system has promoted from within after a national search.

The Arizona Public Safety Personnel Retirement System has promoted Mark Steed to the position of chief investment officer, following a national search. Steed has been with the retirement fund since 2007 and has served as interim chief investment officer since June 2018.

The $10 billion US public pension has a 12 percent target allocation to private equity that currently stands at 13.9 percent.

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