Fadi BouSamra is leaving after more than 15 years as chief investment officer of the $4.1 billion Nashville (Tenn.) & Davidson County Metropolitan Government Employee Benefit Trust Fund.
His last day is May 31, according to an internal memo from Michell Bosch, treasurer, obtained by Pensions & Investments.
BouSamra became CIO in October 2007 after four years as assistant CIO. In a letter included with the memo, BouSamra said after bringing the pension fund to a fully funded status after more than 20 years with the government, he has decided to pursue other opportunities.
In his memo to employees, Bosch said that throughout BouSamra’s tenure with the government’s treasury department, which oversees the pension fund, he has “consistently demonstrated exceptional dedication, skill and professionalism in managing our investments.”
“His strategic insights and meticulous approach have significantly contributed to the financial success of the metro and pension investment portfolios,” said Bosch. “He leaves a legacy of a fully funded pension plan, setting new ethical standards, a disciplined investment approach and opportunistic financial management.”
Bosch said the government’s investment committee will discuss next steps at its May 23 meeting.
