May 17, 2022 | News Release
AUSTIN, TX – Today, the City of Austin Employees' Retirement System (COAERS) announced the appointment of industry veteran David Kushner, CFA, as the retirement system’s new Chief Investment Officer. This marks the completion of a nationwide search which began last fall.
Mr. Kushner will helm the $3.5 billion pension fund’s investment program and work collaboratively with the Executive Director, Investment Committee, and the investment consultant to guide the strategic investment decisions of the Board.
“COAERS is thrilled to welcome Mr. Kushner to lead the System's investment program in its next phase of growth as a best-in-class fund,” said Executive Director Christopher Hanson. “As an industry expert, Mr. Kushner possesses strong credentials and brings a detailed knowledge of investment management, strategy, and innovation in both public pensions and private equity.”
Mr. Kushner joins COAERS after previously working at Los Angeles County Employees Retirement Association and the San Francisco Employees’ Retirement System, where he served as the Chief Investment Officer. His experience also includes service on many industry boards and advisory committees.
COAERS, a defined benefit pension fund, was originally established in 1941 by City ordinance and has been governed by Texas state law since 1991. Governed by an eleven-member Board of Trustees, COAERS administers retirement, disability, and death benefit programs for full-time employees of the City of Austin, and serves nearly 20,000 active members, retirees, and beneficiaries.
Mehrin Rahman, Communications Director