MassPRIM Executive Director Michael G. Trotsky Receives Lifetime Achievement Award from Institutional Investor

December 5, 2019

More recognition for the culture of excellence at MassPRIM
and the strong tenure of ED and Chief Investment Officer Trotsky

The Massachusetts Pension Reserves Investment Management Board (MassPRIM) announced today that Executive Director and Chief Investment Officer Michael G. Trotsky, CFA has received Institutional Investor’s Lifetime Achievement Award.

The honor is the latest in a series of recognitions that reflect the overall excellence at MassPRIM. Trotsky received the honor at the 3rd annual Institutional Investor Allocators’ Choice Awards held in New York City on December 3rd.

“Michael Trotsky has created a collaborative culture at MassPRIM that generates the kind of success recognized across the investment industry,” said Treasurer Deborah Goldberg, who is Chair of the MassPRIM Board. “This honor is well deserved because it recognizes the strong commitment to innovation, efficiency and excellent investment management that Michael has demonstrated over the past nine years. These outstanding results are a direct benefit to our more than 300,000 public employees, retirees and their families.”

Institutional Investor is a leading international business to business publisher. It publishes premium journalism, newsletters and research. It also runs conferences, seminars and training courses and is a provider of electronic business information through its capital market databases and emerging markets information service.

In a summary article about his accomplishments published on the organization’s website, Institutional Investor noted that Trotsky has “built a benchmark-beating portfolio, put together an award-winning team of investors, and nearly doubled the fund’s assets under management while saving the retirement system hundreds of millions of dollars in excess costs.”

“I appreciate this recognition so much because it is a direct reflection of the tremendous work being done every day by the talented and dedicated staff of MassPRIM, and the support we receive from our excellent Board and committee members,” Trotsky said. “Treasurer Goldberg, when she was elected five years ago, quickly grasped the importance of our mission and has been a key enabler to everything positive that has happened at PRIM.”

Institutional Investor also cited Trotsky’s move to drop funds-of-funds at MassPRIM in favor of direct investments in hedge funds via separately managed accounts, as well as PRIM’s expansion into alternative asset classes, such as direct real estate investments. The publication also cited MassPRIM’s private equity portfolio as a standout: achieving the #1 rank in the 2019 American Investment Council study of private equity returns by U.S. public pensions, and consistently ranking at or near the top of that annual study.

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