H. Garth Dickey will be leaving the Indiana Public Employees' Retirement Fund, Indianapolis, to help run MWV Capital Partners III, a private equity fund.
"The board is strong, the staff is strong. Frankly, it's a good time to leave," said Mr. Dickey, who is director, chief investment officer and legislative liaison for the $8 billion fund.
He is working with the fund's administration "to assure a smooth transition."
"No successor has been identified," he said. He was appointed to the job in November 1995.
Mr. Dickey said the Indiana employees' fund will continue on course to shift its mostly fixed-income assets toward its 60% target allocation to equities.
He expects to join the Indianapolis-based fund, a successor to Middlewest Ventures I & II, by the middle of May. He will be a partner.
He said that while he has "loved being a plan sponsor, there's nothing quite as exciting as helping people build companies." Prior to joining the Indiana fund, he worked in investment and commercial banking in New York.
At MWV, he will work on both the raising of assets and investments in venture capital and mezzanine financing. Executives for the firm seek to raise $100 million, he said.
In addition to working on the effort to pass a statewide referendum allowing Indiana state pension funds to invest in equities and the subsequent shift into the stock market, Mr. Dickey was active in the debate over the use of soft dollars.
Bill Van Cleve was appointed executive director for the Arkansas Public Employees Retirement System, Little Rock, replacing Kie Hall, who died in January.
Mr. Van Cleve had been assistant director of the $3.6 billion pension fund. The new assistant director is Gail Stone, formerly associate director for investments for the fund. Someone will be hired to fill her previous position, Mr. Van Cleve said.
Linda Brewton was hired by the $2.796 billion Alameda County Employees' Retirement Association, Oakland, Calif., as investment officer, a new position.
Ms. Brewton was an investment officer for the California Public Employees' Retirement System, Sacramento. A CalPERS spokesman said a replacement is being sought.
The City of Regina, Sas
katchewan, hired Gayle McDade as an investment manager to help oversee money manager relations for the C$550 million (U.S. $385 million) pension fund.
She replaces Barb Miazga, who joined the nearly C$500 million Saskatchewan Wheat Pool pension fund, Regina, as manager-pension investments.
Ms. McDade was manager-special investments at Crown Life Investment Management.
Marcel Turner was named director of personnel for the division of personnel at St. Louis County, Clayton, Mo., and administrator of the $260 million St. Louis County Master Retirement Trust.
Mr. Turner, who previously was director of human resources-international for Sherwood Davis & Geck, St. Louis, replaced Ralph Bowser, who retired.
Helen Frame Peters joined Scudder Kemper Investments Inc., New York, as a managing director and director of the Global Bond Group. She will oversee the management of $130 billion in bonds and money market instruments for the company's institutional clients and mutual funds. Ms. Peters assumes the position from Edmond D. Villani, chief executive officer, who held the role on an interim basis following the merger of Scudder, Stevens & Clark and the Zurich Group.
Ms. Peters most recently was president and chief executive officer of Colonial Advisory Services Inc., the institutional money management arm of the Boston-based Colonial Group Inc. Officials there said there are no immediate plans to replace Ms. Peters.
William Westhoff joined Minnesota Mutual Life Insurance Co., St. Paul, Minn., as senior vice president and treasurer of the company's asset management area, replacing Paul Gooding, who retired last year.
Mr. Westhoff will oversee the investment functions of Minnesota Mutual and its subsidiaries -- MIMLIC Asset Management and Advantus Capital, which are expected to merge.
He formerly was senior vice president, global investments at American Express Financial Corp., Minneapolis. Officials there could not be reached by press time.
Bob Michele was appointed head of U.S. fixed income with Schroder Capital Management International Inc., New York, a new position, said Sharon Haugh, chairman. Mr. Michele previously was a managing director and portfolio manager with BlackRock Financial Management Inc., New York.
When asked about a replacement for Mr. Michele, Barbara Novick, managing director with BlackRock, said only that Mr. Michele was part of a portfolio management team and BlackRock uses a team approach.
J. Christopher Donahue was named president and chief executive officer of Federated Investors Inc., Pittsburgh, replacing his father, John F. Donahue, who is retiring. The senior Mr. Donahue will retain the title of chairman and remain active in the company he founded. The younger Mr. Donahue will retain his job as the company's chief operating officer, a position he has held since 1993
Thomas H. Mahoney IV and Leonard Brooks III have joined PaineWebber's Private Equity Group as managing director and director, respectively. The positions are new, a spokesman for the New York-based firm said.
Messrs. Mahoney and Brooks formerly were with Deutsche Morgan Grenfell Inc.