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Pension Funds

Texas County & District taps next CIO

Casey Wolf was named chief investment officer of the $29 billion Texas County & District Retirement System, Austin, replacing Paul J. Williams, who will retire in early 2018.

Mr. Wolf has served as managing director at the pension fund overseeing investment of the hedge fund and opportunistic credit portfolios, and has been at the fund for six years, confirmed Russ Rhea, a TCDRS spokesman.

A decision about Mr. Wolf's replacement for his portfolio management duties has not been made, Mr. Rhea said.

Mr. Williams' tenure at the fund spans 22 years. He was named CIO in 2009 when fund assets totaled $7 billion.

"It has been a privilege to work with the TCDRS board of trustees, executive staff and particularly the investment staff; all dedicated to the mission of TCDRS to assist Texas counties and districts in providing affordable, meaningful retirement plans to those serving their fellow Texans," Mr. Williams said in a news release, adding "one of the great things about working at TCDRS is seeing people retire with the security their retirement plan provides. I look forward to joining them."

"Paul has really set us up for the long haul. He's had an impressive track record despite the volatility of the markets we've seen in the last 20 years," said Board Chairman Robert Eckels in the release.