Alternatives Pro Named Chair of Virginia R.S.
Virginia Governor Bob McDonnell believes that an industry veteran and current partner at New York-based Alternative Investment Management (AIM) is the best fit for the Virginia Retirement System (VRS) Board of Trustees’ leadership moving forward.
According to an announcement released Friday, Diana Cantor has been selected as chairwoman to the $50 billion system’s Board. She assumed her trustee seat in April, the Governor’s office said.
Previously, Cantor served as the founding executive director to the Virginia College Savings Plan. From 1996 through 2007, Cantor helped to make the four section 529 savings plans the largest in the nation, with over $27 billion in assets under management. Additional state participation can be traced back to her eight years as a member of the Virginia State Treasury Board.
In the private sector, prior to her AIM appointment, Cantor was a managing director of New York Private Bank & Trust, the wealth management division of Emigrant Bank, the statement explained.
Additionally, prior to her previous stint at the state’s College Savings Plan, she was a VP at Goldman Sachs. In her role at the New York-based financial services giant, she was a “chief administrator of their leveraged buyout and internal investment funds and merchant banking operations,” the release said.
As of March 31, the VRS asset allocations included a 20.9% to equity, 23.2% to fixed-income, 18.7% to non-U.S. equity, 11% to credit, 8.3% to private equity, 6.7% to emerging markets, 5% to real estate, 1.9% to convertibles, 1.6% to real estate and less than 1% to cash.
For more information on related topics, visit the following:
