Perry to Leave as MD Pension CIO

October 4, 2010 ( – The Maryland State Retirement and Pension System (MSRPS) announced that Chief Investment Officer (CIO) Mansco Perry, III will be leaving his post at the end of the month.

A news release said Perry, who has served as the CIO for the state retirement system since April 30, 2008, has accepted the position of CIO of the endowment fund of Macalester College in Saint Paul, Minnesota. 

“There is no denying that Mansco’s departure is a loss to all of us, but he leaves with a legacy of accomplishments over the last two and a half years that will continue to benefit the system,” said State Treasurer Nancy K. Kopp, Chair of the Maryland State Retirement and Pension System Board of Trustees, in the announcement. 

During his tenure, Perry led the creation of the nationally-recognized Terra Maria program, which expanded the system’s emerging managers allocation, which then realized earnings of 18.51% on $2.25 billion in assets in fiscal year 2010, the news release said. The program exceeded its benchmark by more than three percentage points since its inception. In May 2009, Perry established a currency management program to help protect the system from currency volatility and is being recognized for having diversified the system’s passive investment management as well as active investments across the system’s $33.7-billion portfolio.