Ontario Academics’ Pension Plan (OTPP), a long-standing pension investor within the insurance-linked securities (ILS) market, has promoted Shavir Nagarwalla to the function of Managing Director, Head of Hedge Funds and Insurance coverage Linked Securities.
Nagarwalla has a background in investments at pension funds and endowments, with a give attention to allocating to hedge funds, exterior managers and different personal market investments.
He joined Ontario Academics’ Pension Plan in April 2022 as co-lead for its hedge fund methods and a director.
Nagarwalla introduced in a LinkedIn submit that he has been promoted to Managing Director this month and now takes the entire hedge fund funding actions beneath his wing, together with the insurance-linked securities (ILS) technique on the pension fund.
Previous to becoming a member of OTPP, Nagarwalla labored on the CPP Funding Board for nearly 4 years, which manages Canada Pension Plan investments, specializing in rising supervisor investments within the hedge fund house.
Earlier than that he spent two hears at Hilltop Fund Administration and one yr previous to that at Quantum Advisors, once more with a hedge fund funding focus in every function.
Previous to that he spent seven years at Vanderbilt College investing for and administering the endowment there.
Ontario Academics’ has been via a re-structuring of some its funding groups, together with the ILS specialism, lately.
Previously, OTPP had as a lot as $3.5 billion deployed into ILS alternatives and stays a significant investor allocating to the house right now.
