The Missouri Local Government Employees Retirement System (LAGERS) announced they have selected Scott Day as the pension fund’s next chief investment officer. Day will be assuming the role effective May 1, 2024.
Day will join Missouri LAGERS with over 30 years of institutional asset management experience. More recently, he served as the deputy chief investment officer for the School and Institutional Trust Fund Office (SITFO) in Utah, where he helped oversee the $3.5 billion permanent fund.
Day collaborated with the executive director and board for this role, focusing on numerous governance items, including the long-term strategic asset allocation, risk and reporting framework, and investment strategy. Before his tenure at SITFO, Scott was a managing director at Goldman Sachs, where he served as an outsourced chief investment officer of a $15 billion Canadian pension fund.
During his career, Day has served in a variety of other managing director/partner roles for institutions, including Microsoft and the Employees Retirement System of Texas, where he oversaw the design of the strategic asset allocations, investment policies, capital market assumptions, manager due diligence, and investment technology infrastructure. And Scott holds a Bachelor of Science in Accounting from George Mason University and received his Chartered Financial Analyst (CFA) designation in 2001.
Day succeeds Brian Collett – who retired from LAGERS earlier this year. And as CIO, Day will oversee the operations of the LAGERS’ investment department and a portfolio valued at over $10.6 billion. LAGERS worked with executive search firm EFL Associates to assist in the search process.
KEY QUOTES:
“Scott brings a wealth of investment knowledge to the CIO position. We believe his passion for institutional investing and knowledge across all asset classes will help build upon LAGERS’ successful investment program. We are excited to welcome Scott to the LAGERS team as we continue to serve our members and employers.”
– LAGERS’ Executive Director Bill Betts
“It is an honor and privilege to join LAGERS as the chief investment officer. I am humbled to be able to work with such an outstanding organization and talented team to continue to serve the members. I look forward to building upon the strong foundation established by my predecessors and leading the investment efforts to achieve the investment goals that best serve our members.”
– Scott Day
