For Immediate Release: February 15, 2024
CONCORD, NH – Christine Clinton of Dublin was recently elected chair of the New Hampshire Retirement System (NHRS, the retirement system) Independent Investment Committee (IIC, committee).
Clinton, a public member of the IIC since January 2018, replaces Maureen Kelliher, who was recently appointed by the Governor to chair the NHRS Board of Trustees.
Clinton has been working in the investment management industry for more than two decades after cofounding Bluestone Wealth Management LLC. Prior to Bluestone, she worked as a Corporate Controller for several high-tech start-ups in the communications, finance and biotech industries in the Boston area.
She is a CPA as well as a Chartered Financial Analyst® (CFA) charterholder. She is a member of the CFA Institute and Boston Securities Analysts Society.
The IIC manages investments based on the investment policy and asset allocation approved by the Board of Trustees. The IIC continuously monitors and evaluates performance and makes determinations regarding the hiring and retention of fund managers.
The IIC was established under RSA 100-A:14-b, on January 1, 2009. As originally constituted, the committee consisted of three public members and up to two representatives of the Board of Trustees; legislation enacted in 2019 added an active NHRS member to the IIC as a non-voting committee member. Public members and the active NHRS member are nominated by the Governor and must be approved by the Executive Council. Trustee members are appointed by the chairperson of the Board of Trustees. By law, all IIC members must have “substantial experience in the field of institutional investment or finance.”
Related link: https://www.nhrs.org/funding-and-investments/independent-investment-committee
About NHRS
NHRS provides retirement, disability, and death benefits to its eligible members and their beneficiaries. The State of New Hampshire and more than 450 local government employers participate in NHRS for their employees, teachers, firefighters, and police officers. NHRS has approximately 48,500 active members and 43,500 benefit recipients. NHRS administers a defined benefit plan qualified as a tax-exempt entity under sections 401(a) and 501(a) of the Internal Revenue Code.
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