Hammond appointed to NHRS Independent Investment Committee

Nov 19, 2021
  • Independent Investment Committee

For Immediate Release: November 19, 2021
Contact: public_relations@nhrs.org

CONCORD, NH – Scott Hammond of Canaan was recently appointed to the New Hampshire Retirement System (NHRS, the retirement system) Independent Investment Committee (IIC) as a public member.

Hammond was nominated by the governor and subsequently confirmed by the Executive Council earlier this month. His term runs through June 2023. He replaces Keith Quinton, who stepped down from the IIC in June.

Hammond is a seasoned financial executive with a Wall Street career spanning more than 20 years. Most recently he was Portfolio Manager and Senior Managing Director at Guggenheim Partners, where he had responsibility for a variety of strategic initiatives aimed at growing the firm’s equities business. Additionally, he had day-to-day responsibilities for Growth, Value, and Core fund families with total assets under management (AUM) exceeding $5.5 billion.

Hammond received a B.A. in Economics from the University of New Hampshire, and has an MBA from Purdue University’s Krannert Graduate School of Management.

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.”

About NHRS

NHRS provides retirement, disability, and death benefits to its eligible members and their beneficiaries.  The State of New Hampshire and more than 460 local government employers participate in NHRS for their employees, teachers, firefighters, and police officers.  NHRS has approximately 48,500 active members and 40,000 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.