{"id":10044,"date":"2009-03-06T00:00:00","date_gmt":"2009-03-06T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"chief-investment-officer-for-pension-fund-resigns","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/03\/2009\/chief-investment-officer-for-pension-fund-resigns.html","title":{"rendered":"Chief investment officer for pension fund resigns"},"content":{"rendered":"<p> San Diego Union Tribune &#8211; The county pension board&#8217;s chief investment officer has resigned a week after a second hedge fund collapse in which employee retirement investments could lose as much as $78 million. <\/p>\n<p>  David Deutsch, who held the job for five years, oversaw a $2.5 billion loss in pension assets since June 30.  <\/p>\n<p> He had pushed the San Diego County Employees Retirement Association &ndash; which manages retirement benefits for 35,000 county retirees and current employees &ndash; to invest heavily in hedge funds. <\/p>\n<p>  The association&#8217;s board accepted his resignation in closed session yesterday. His last day will be March 19.  <\/p>\n<p> Brian White, the association&#8217;s chief executive, said Deutsch didn&#8217;t give a reason for his departure and wasn&#8217;t given a severance package. <\/p>\n<p> Asked if Deutsch was under any pressure because of investment losses or hedge fund problems, White said, &ldquo;I think we&#8217;re all under a lot of pressure because of the market.&rdquo; <\/p>\n<p><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www3.signonsandiego.com\/stories\/2009\/mar\/06\/1m6hedge234619-chief-investment-officer-pension-fu\/\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>San Diego Union Tribune &#8211; The county pension board&#8217;s chief investment officer has resigned a week after a second hedge fund collapse in which employee retirement investments could lose as much as $78 million. David Deutsch, who held the job [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[8662,1742,8664,8661,8658,8659,4253,6617,8665,4257,3745,5850,8660,8656,6008,8663,8655,8657],"class_list":["post-10044","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-launches","tag-brian-white","tag-chief-investment-officer","tag-closed-session","tag-david-deutsch","tag-diego-union-tribune","tag-employee-retirement","tag-employees-retirement-association","tag-investment-losses","tag-march-19","tag-pension-board","tag-pension-assets","tag-resignation","tag-retirement-benefits","tag-retirement-investments","tag-s-board","tag-san-diego-union","tag-san-diego-union-tribune","tag-severance-package"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10044","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=10044"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/10044\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=10044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=10044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=10044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}