Ontario Lecturers’ Pension Plan (OTPP), a long-standing pension investor within the insurance-linked securities (ILS) market, has promoted Shavir Nagarwalla to the position of Managing Director, Head of Hedge Funds and Insurance coverage Linked Securities.
He joined Ontario Lecturers’ Pension Plan in April 2022 as co-lead for its hedge fund methods and a director.
Nagarwalla introduced in a LinkedIn publish that he has been promoted to Managing Director this month and now takes the entire hedge fund funding actions underneath 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 area.
Earlier than that he spent two hears at Hilltop Fund Administration and one 12 months previous to that at Quantum Advisors, once more with a hedge fund funding focus in every position.
Previous to that he spent seven years at Vanderbilt College investing for and administering the endowment there.
Ontario Lecturers’ has been by a re-structuring of some its funding groups, together with the ILS specialism, in recent times.
Prior to now, OTPP had as a lot as $3.5 billion deployed into ILS alternatives and stays a significant investor allocating to the area at the moment.
