NEWS

Ray Joseph Out as LAFPP CIO

By Chris Glynn

Los Angeles Fire and Police Pensions (LAFPP) Chief Investment Officer Ray Joseph has resigned, said Ray Ciranna, general manager of the $30 billion fire and police pension.

Joseph had “personal reasons” for leaving LAFPP, Ciranna said, declining additional comment. He noted Joseph retired Friday, May 6.

Joseph joined the defined benefit plan in June 2021 after departing investment consultant Wilshire Associates, where he had worked as vice president beginning in 2017. Joseph replaced Tom Lopez, who became LAFPP CIO in 1992. Lopez retired in December 2020.   

Ciranna had said Joseph brought a “wealth of knowledge” to LAFPP. Ciranna will be interim CIO until LAFPP can choose a successor to Joseph.  

Joseph began his career in investment management with Idearc Media Corporation before becoming CIO of the State of New Jersey Division of Investment in 2008.

He also worked as CIO for the United States Department of the Interior.