Request For Proposal: Executive Search Services

The Maryland State Retirement and Pension System (MSRPS) today announced that A. Melissa Moye, Ph.D. has been named acting Chief Investment Officer (CIO) by the Board of Trustees—temporarily taking over the position until the search for a permanent replacement can be completed. Dr. Moye will take over the position at the end of the month when Mansco Perry, III leaves MSRPS to start in his new position as CIO of the endowment fund of Macalester College in Saint Paul, Minnesota.

The Maryland State Retirement and Pension System’s Board of Trustees will hold an election in the summer of 2011 to elect a retired Teachers’ and retired Employees’ representative. Only active and retired members of the Teachers’ Systems (the Teachers’ Retirement System and Teachers’ Pension System) and Employees’ Systems (including the Correctional Officers’ Retirement System, the Employees’ Pension System, the Employees’ Retirement System, the Judges’ Retirement System, the Legislative Pension Plan, the Local Fire and Police System, or the Law Enforcement Officers’ Pension System) will be eligible to vote in this election.

The Maryland State Retirement and Pension System (MSRPS) today announced that Chief Investment Officer (CIO) Mansco Perry, III has accepted the position of CIO of the endowment fund of Macalester College in Saint Paul, Minnesota and will be leaving his Maryland post at the end of the month. The June 30, 2010 market value of the college endowment was $587 million, which supports scholarships for students, academic programs, and salaries for faculty and staff. Mr. Perry has served as the CIO for the state retirement and pension system since April 30, 2008.

The Board of Trustees of the Maryland State Retirement and Pension System has been informed that its portfolio returned 14.03 percent on investments for the fiscal year that just ended June 30, 2010—exceeding the 7.75 percent assumed actuarial return rate. The performance raised the assets of the system to $31.84 billion. Earnings previously had been reported at 14.05%, but one of the System’s investment managers had mistakenly over-reported one of their holdings for the month of June, resulting in the slightly downward revision.

The Board of Trustees of the Maryland State Retirement and Pension System has been informed that its portfolio returned 14.05 percent on investments for the fiscal year that just ended June 30, 2010—exceeding the 7.75 percent assumed actuarial return rate. The performance raised the assets of the system to $31.848 billion.

The Maryland State Retirement Agency (SRA) today announced that it has signed two new five-year contracts with a real estate consultant and a private equity consultant to assist the Agency’s Investment Staff in the identification, evaluation, and monitoring the Agency’s alternative investment activities. Both contracts have two, one-year renewal options.

The Maryland State Retirement and Pension System today announced that its investment returns have grown 20.4% since the fiscal year began on July 1, 2009. Compared to the same time last year, the System’s returns have grown an impressive 34.6%. The Retirement System ended the third quarter on March 31, 2010 with a value of $33.7 billion—an increase of 3.6% over the previous quarter.