OPERS CIO Steps Down

Jenny Hom last week resigned as chief investment officer of The Ohio Public Employees Retirement System, peHUB has learned. An OPERS spokeswoman confirmed the news, and sent over a formal statmenet that said, in part, that her decision was for “personal reasons.” Hom still had an active voicemail at OPERS as of earlier this afternoon, but emails to her work account bounced back.

Hom joined OPERS in 2002 as a fixed-income manager, was promoted in 2003 and named CIO in 2005. The system will launch a search for her replacement, with CEO Mark DeRose overseeing investment responsibilities in the interim.

OPERS is the nation’s 12th-largest public pension fund, with $60.5 billion in assets under management. As of year-end 2008, it had around 4% exposure to private equity with a 5% target allocation.