By David G. Barry
For the second time in the past four years, Howard Hodel has been tapped as acting chief investment officer of the Employees’ Retirement System of the State of Hawaii (ERS).
The $22.5 billion system is currently looking for a replacement for Elizabeth Burton, who left at the end of June, citing family and personnel-related issues. . Burton joined the system four years ago, replacing Vijoy Chattergy.
Hodel, who holds the title of investment manager, risk management, also served as acting CIO between Chattergy and Burton. He joined ERS in 2014 after being CEO of Absolute Plus Advisors, LLC.
Executive Director Thomas “Thom” Williams told Markets Group in May that the system would “consider all options” in terms of replacing Burton.
Other state public pension funds that are still looking to bring aboard new CIOs include the Idaho Public Employee Retirement System, the Minnesota State Board of Investment, the New Hampshire Retirement System, the Kansas Public Employees Retirement System, and the State of Rhode Island.