Massachusetts Pension Reserves Investment Management
Michael McElroy has extensive experience in investment management. Michael currently serves as the Senior Investment Officer and Director of Public Markets at Massachusetts Pension Reserves Investment Management. Prior to this, they worked at Wellington Management Company LLP as an Investment Director. Before that, they held the position of Senior Portfolio Manager at Batterymarch Financial Management. Michael also served as Managing Director at Citigroup Asset Management and as Senior Vice President at Independence Investment Associates.
Michael McElroy attended the Massachusetts Institute of Technology from 1983 to 1987, where they obtained a Bachelor of Science (BS) degree in Applied Mathematics. Following this, from 1989 to 1991, they pursued further education at the Massachusetts Institute of Technology and the MIT Sloan School of Management. During this period, they earned two Master of Science (MS) degrees, one in Transportation Planning and the other in Management.
Massachusetts Pension Reserves Investment Management
The Pension Reserves Investment Management (“PRIM”) Board manages the assets of the Pension Reserves Investment Trust (“PRIT”) Fund for public employee pension benefits on behalf of Massachusetts State Employees and Massachusetts Teachers’, as well as local participating retirement systems throughout the Commonwealth that elect to invest with PRIM. PRIM’s mission is to generate strong risk-adjusted investment returns that help the Commonwealth of Massachusetts meet its pension obligations and alleviate potential taxpayer burden. PRIM aims to be a leading investor of retirement funds through strong financial performance, a high degree of professionalism and transparency, and responsible resource management. PRIM’s highly experienced, professional investment staff seeks to maximize the return on investment with an acceptable level of risk by broadly diversifying the investment portfolio, capitalizing on economies of scale to achieve cost-effective operations, and providing access to high-quality, innovative investment strategies.