KCERA Announces Investment Leadership Transition
The Kern County Employees’ Retirement Association (KCERA) Board of Trustees announces the resignation of Peter Tirp as Chief Investment Officer.
Mr. Tirp joined KCERA in September 2011 and has played a key role in managing KCERA’s $ 3.9 billion portfolio. During his tenure, Mr. Tirp was instrumental in strengthening the investment program with KCERA outperforming its policy benchmark over its 1-, 3-, and 5-year horizons.
“On behalf of the KCERA Board of Trustees, I want to thank Pete for his work at KCERA,” said Dustin Dodgin, Chairman. “Our Board’s priority is to safeguard the system’s plan assets.” The KCERA Board plans to discuss recruitment options in the upcoming weeks. Current consultants will be utilized to assist in investment decisions pending a final decision.