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Virginia hires Oregon CIO


The $51 billion Virginia Retirement System has appointed Ronald Schmitz as its new chief investment officer. Schmitz, who will join on 31 October, has been the CIO at the $60 billion Oregon Public Employees Retirement System and manages the investment activities for Oregon PERS, the State Accident Insurance Fund, the Common School Fund, the Oregon Growth Account and the Short Term Fund.

Prior to joining Oregon PERS, Schmitz served as CIO for the Illinois State Board of Investment where he managed all aspects of the investment of pension assets. He brings with him a strong experience with private