Elizabeth B.A. Miller, CIO of the Kansas Public Employees Retirement System (KPERS), has announced her retirement, effective July 8.
Miller became KPERS’ first CIO in 1991, serving through 1996 and returning to the pension fund in 2011. During her tenure, KPERS’ investment portfolio doubled in size, from $13.3 billion in 2011 to $26.5 billion at the end of 2021.
A national search for Miller’s successor will be undertaken. In the meantime, Bruce Fink, deputy CIO for public markets, will serve as interim CIO. Fink has served in his current capacity since 2013.
KPERS has an 11 percent long-term target allocation to the real return asset class, which houses the system’s investments in infrastructure and timber.