By Muskan Arora
Aaron DiCenzo
has been named as interim CIO of the $97.8bn State Teachers Retirement System
of Ohio.
The appointment will
be announced at the Feb 20 investment committee meeting, as per the board’s
meeting materials.
DiCenzo, who
currently heads the alternative investments in the system, will take over as the
interim CIO on April 1. He will succeed Matt Worley, the fund’s current CIO,
whose resignation is effective from March 31.
The system has
faced multiple turnovers including the announcement of resignation of Worley
and Lynn Hoover in September 2024.
“Matt and Aaron are working closely in
many areas, including asset liability study, policies and guidelines,
departmental budget, associate performance appraisals, investment strategy and
board meeting preparation to ensure a smooth transition,” as stated by the
meeting materials of the fund.
The fund reported a return of 9.98% in
2024.
DiCenzo brings a
new hope to the plan, as the system has faced recent challenges including investigations,
significant staff turnover and allegations of conspiration against board
members to allocate billions of dollars of assets to inexperienced investors.
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