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Questions about ex-investment chief
Submitted by markjohnson on 2009-10-12 10:03North Carolina's former chief investment officer Pat Gerrick, who used to oversee the state's pension fund, has an unusual connection to Horsley Bridge Partners, a San Francisco investment firm where the pension fund invested $225 million, since 2007.
Carolina Journal reports that Pamela Joyner is an executor of Gerrick's will. Gerrick previously described the two as friends. Joyner's husband, Alfred Giuffrida, is a managing director of Horsley Bridge Partners.
The firm received almost $1.5 million in fees from the pension fund in 2007 and 2008, the paper reports.
Gerrick was fired in August amid questions about travel reimbursements from third parties and cell phone bills. In a statement released to the news media two weeks ago, she also acknowledged that investors who did business with the state contributed to Family House, a hospitality and support center for critically ill patients in Chapel Hill where Gerrick previously served on the board.
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