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Monday, June 8, 2009
OPERS investments chief out
The woman in charge of investing more than $60 billion for nearly a million public workers and retirees resigned.
The Ohio Public Employees Retirement System announced Monday June 8 that Jennifer Hom, the pension system’s chief investment officer since 2005, has resigned for personal reasons
OPERS Chief Executive Chris DeRose praised Hom’s work ethic and accomplishments and said he would coordinate investments with senior staff until a new investment officer is hired.
Hom joined OPERS in 2002 as the fixed income portfolio manager, became senior investment officer of global bonds in 2003 and landed the top investment job in 2005.
Hom could not be reached for comment on Monday.
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TweetTrial for former Dann aide scheduled
Tony Gutierrez, a central character in the Marc Dann administration scandal, is scheduled for trial Aug. 17 on criminal charges before Franklin County Common Pleas Court Judge Laurel Beatty.
Gutierrez, 51, faces six felony and four misdemeanor charges alleging he ran his private construction company on state time, filed fraudulent workers’ compensation paperwork, and illegally converted campaign money for personal use.
Beatty, who was appointed to the bench by Gov. Ted Strickland, is the step-daughter of former House Minority Leader Joyce Beatty, who was among those who called for Dann’s resignation a year ago.
In February 2007, Dann hired Gutierrez, his friend and neighbor, to run the mail room, purchasing, maintenance and vehicle operations for the attorney general’s office. Dann, Gutierrez and Leo Jennings III, another Dann friend and top aide, shared a condo in suburban Columbus the Dann for Ohio campaign rented.
A year later, two female junior staff members accused Gutierrez of sexual harassment, including for behavior at the apartment. In January, the state agreed to pay the two a combined $495,000 to settle the case.
The charges against Gutierrez include two counts of unauthorized use of property, two counts of receiving improper compensation, single counts of theft in office, prohibited election activities and filing a false financial disclosure statement, and three counts of workers’ compensation fraud. He faces up to eight years in prison and $20,000 in fines if convicted on all charges.
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