Chicago Teachers’ Pension Fund Names New CIO

By David G. Barry

Nearly a year after Angela Miller-May left her role as chief investment officer of the Chicago Teachers’ Pension Fund (CTPF) to become CIO of the Illinois Municipal Retirement Fund, CTPF has named a replacement.

Fernando Vinzons, who has been director of investments for the Cook County Pension Fund, will take over CTPF’s $13.1 billion investment portfolio on July 11. Vinzons has more than 18 years of investment and financial market expertise, with four years as director of investments and 10 years as a senior member of the Cook County investment team. During his time, the pension’s portfolio grew from $5.2 billion to $14 billion.

In a prepared statement, Carlton W. Lenoir, CTPF’s executive director, said that Vinzons “comes to CTPF with the leadership experience, technical background, and vision needed to meet our policies, pacing, objectives, and goals.”

Lenoir has served as interim CIO of the plan since September when Andrew K. Kelsen resigned. Kelsen was named interim CIO after Miller-May left CTPF last summer. Kelsen is now the head of alternative investments at The Moneta Group.

CTPF's funded ratio was 53.2% as of June 30, 2021, up from 45.4% in June 2020.