September 5, 2017 / 9:24 PM / a year ago

MOVES-Massachusetts pension fund executive leaves for Wellesley endowment

BOSTON, Sept 5 (Reuters) - The deputy chief investment officer of the $66.8 billion Massachusetts pension fund, Sarah Samuels, has left the state fund to help manage Wellesley College's endowment.

Samuels, who had worked at the pension fund for six years and was promoted to deputy CIO two years ago, will join Wellesley's investment office as a managing director, Michael Trotsky, the pension fund's chief executive director and chief investment officer told colleagues in August. Her last day was Friday.

The college, located near Boston in Wellesley, Mass., has a $1.8 billion endowment.

Samuels was recently tapped to begin overseeing the state pension fund's hedge fund investments after Trotsky promoted Eric Nierenberg, who had largely reshaped the fund's hedge fund portfolio, to chief strategy officer in May.

Samuels could not be reached for comment.

Trotsky named David Gurtz, the fund's chief financial officer, to be his deputy chief investment officer, returning him to a position he had held previously. (Reporting by Svea Herbst-Bayliss; Editing by Dan Grebler)

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