Nashville CIO to Step Down this Month

By Muskan Arora

Fadi BouSamra is stepping down as CIO of $4.1 billion Nashville (Tenn) & Davidson County Metropolitan Government Employees Benefit Trust Fund, with his last day being May 31.

BouSamra has been working at the pension fund for over 20 years, prior to that, he was a registered investment advisor at Superior Capital Management for almost four years.

An internal memo, obtained by Pensions & Investments, stated that after bringing the pension fund to a fully funded status with over 20 years of governance, BouSamra has decided to pursue other opportunities.

“His strategic insights and meticulous approach have significantly contributed to the financial success of the metro and pension investment portfolios,” said Bosch in an internal memo.

“He leaves a legacy of a fully funded pension plan, setting new ethical standards, a disciplined investment approach and opportunistic financial management.”

The investment committee will next convene on May 23 to discuss the next steps. 

Markets Group has reached out to BouSamra for a comment.