The investment committee for the $10.1 billion Indiana Public Employees' Retirement Fund, Indianapolis, will interview five to 10 finalists in its search for a chief investment officer and make a recommendation to the board sometime in March, said Patrick Lane, communications director. The fund is seeking a replacement for Patricia J. Gerrick, who left last fall.
In addition, Mark Willis, investment officer-fixed income, left the fund to pursue another opportunity, Mr. Lane said; further information wasn't available. He is the second investment staffer to leave this month, following the departure of Tim Legesse, investment analyst-alternative investments. Mr. Legesse will join the $1.1 billion Lumina Foundation for Education, Indianapolis. Other staff members are assuming the responsibilities on an interim basis.
"I don't envision those positions being filled until we fill the new CIO slot," Mr. Lane said.