Maryland Fund Taps Huber as CIO

September 16, 2003 (PLANSPONSOR.com) - The State Retirement Agency of Maryland has tapped Steven Huber as its new chief investment officer.

According to an announcement from the pension fund, Huber was selected after a nationwide search and received a unanimous vote by the Board of Trustees. He has more than 15 years of experience with ING and Aetna, most recently as Director of Fixed Income for Aeltus Investment Management, an independently managed subsidiary of ING. During this period, he managed up to $30 billion in fixed income assets for bond and balanced funds.

In his prior position, Huber headed the quantitative strategy effort for the Aeltus Fixed Income Group, responsible for asset allocation and risk management. Huber began working for Aetna in 1987 as an investment analyst in the Quantitative Research group.

Huber holds an MBA from the University of North Carolina, Chapel Hill and a BS in Mathematics from Virginia Tech. Huber is scheduled to assume the CIO position in November.

The fund covers 90,600 retirees and beneficiaries as well as the future benefits for over 186,000 active participating members. These groups include state government employees, teachers, law enforcement personnel, legislators, judges and local government employees and fire fighters whose employers have elected to participate in the fund.

Huber comes to a system that has been in the news a great deal of late – among other reasons because of charges that a former pension trustee accepted gifts in exchange for investment back-scratching (See

Former Maryland Pension Trustee Expected To Plead Guilty ) and for a variety of other problems.

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