W. Gordon Binns Jr., former vice president and chief investment officer at General Motors Corp. and later chairman of the Virginia Retirement Systems investment advisory committee, died April 7. He was 72.
Mr. Binns spent 40 years with GM, heading its pension fund from 1981 until he retired in 1994. He is credited with diversifying the automakers pension fund into international equities, venture capital, real estate and other investments, and making other moves to help build the fund from $10 billion to $12 billion when he started to around $53 billion when he left.
After leaving GM, Mr. Binns worked with the VRS to expand the systems holdings in equities. He left the Richmond-based fund in 1998.