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David kushner lacera biography

          Keynote Speaker: image.!

          David Kushner, Chief Investment Officer.

        1. David Kushner, Chief Investment Officer.
        2. Grabel joined LACERA in April after the prior CIO David Kushner resigned in Tags: Infrastructure, Jonathan Grabel, Los Angeles County Employees.
        3. Keynote Speaker: image.
        4. David Kushner.
        5. LACERA's Mr. Kushner said.

          6. David Kushner (Art by Chris Buzelli)David Kushner, the investment chief for the Los Angeles County Employees Retirement Association (LACERA), has left the pension fund after three-and-a-half years.

          The $48 billion fund announced that the CIO’s surprise resignation had already taken effect as of May 29, 2015.

          The public pension plan commended Kushner’s investment expertise, particularly as he grew the fund by $9 billion during his tenure.

          Since joining LACERA in November 2011, Kushner directed more than $4 billion in private equity investments through 37 partnerships, the fund said.

          According to the fund’s data, it gained 7% for the year ending December 30, 2014. It also returned 11.6% and 9.3% for three- and five-year periods respectively, beating both its benchmarks.

          “David focused on maximizing our investment returns according to the board’s portfolio allocation while keeping an open mind to explore new investment opportunities,” said C