
David Hunter
Senior Advisor
David has spent close to forty years in institutional capital, most of it on the allocator's side of the table. He served as Executive Director and Chief Investment Officer of the North Dakota Retirement and Investment Office, where assets grew from about US$8 billion to nearly US$20 billion, and later as Chief Investment Officer of the US$40 billion Texas Municipal Retirement System.
At Inaya, David reviews each new situation with Anas Ansar and leads the institutional conversations on a mandate himself. He reads a raise the way an investment committee will read it, and he tells a manager early when it is not ready.
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The allocator's chair, not the seller's
Years in institutional capital, much of it deciding which managers receive pension money.
US public pensions served as Chief Investment Officer: TMRS and the North Dakota Retirement and Investment Office.
Texas Municipal Retirement System, with two consecutive years of top-quartile returns.
In pension assets directed at HSBC North America, after earlier roles at Citicorp and SMBC.
Where his relationships sit
US public pensions
The state and municipal plans, starting with the Texas systems David knows from his time as a CIO.
Investment consultants
The firms that advise pension boards on which managers to hire, and whose view decides most allocations.
Endowments and foundations
Institutional allocators that move on the same diligence standards as public plans.
Family offices
Single and multi-family offices in North America, Europe and the Gulf that follow institutional conviction.
What David does on a mandate
Reads the raise as an allocator
Before any introduction, he reviews the deck, the documents and the terms against what an investment committee will ask, so the gaps are fixed before they cost a meeting.
Makes the first introductions himself
The first introductions come from David directly, to allocators he knows, with more as the raise progresses.
Stays in the room
He remains in the key conversations through to terms, so an investor hears the case from someone who has sat on their side.
Says early when it is not ready
If a raise is not ready for institutional capital, the manager hears it from David first, with what needs to change.
Named among the ISS Power 100 Chief Investment Officers in 2023. Career figures are from David Hunter's earlier roles and are not transactions of Inaya Advisory.


