Mansco Perry III resigned as chief investment officer of the $33.7 billion Maryland State Retirement and Pension System, Baltimore, effective Oct. 31.
Mr. Perry will become CIO of the $587 million endowment fund of Macalester College, St. Paul, Minn., confirmed Michael Golden, a Maryland spokesman.
Mr. Perry has been CIO at Maryland since April 30, 2008; prior to that, he was assistant executive director and deputy chief investment officer at the $52.5 billion Minnesota State Board of Investment, St. Paul, according to a Maryland system news release.
“Thanks to his expertise and guidance, he helped this system ride out one of the most turbulent times in economic history,” Nancy Kopp, Maryland state treasurer, said in the news release. “We all appreciate the personal sacrifices Mansco and his family in Minnesota made over (the) past two years as he led us to this strong position and wish them all the very best.”
Mr. Golden said the system expects to name an interim CIO before Mr. Perry's departure. A search for a permanent successor for Mr. Perry has yet to be launched, Mr. Golden said.
In a telephone interview, Mr. Perry said he took the new job because he believes that Macalester is one of the best liberal arts schools in the country, and “I share its values and believe in its missions.” “I get a major bonus in that it enables me to return to my family and home in Minnesota,” he added.
At Macalester, Mr. Perry will replace Craig H. Aase, who is retiring, said an endowment spokeswoman.
“We're delighted to welcome Mansco to Macalaster,” Brian Rosenberg, Macalester president, said in a Macalaster news release.