The death of the chief investment officer of Philadelphia’s pension funds came as a shock to Mayor Jim Kenney. Kenney couldn’t believe the news that 30 year old Michael Donatucci, the chief investment officer of Philadelphia’s pension fund was found dead Friday night of an apparent suicide.
“I don’t think we will ever know until we see them again in heaven,” he said, speaking glowingly about Donatucci and his work.
“[He was] a good kid, very smart, actually he saved us millions of dollars by exiting investments before Brexit hit, he had the foresight and understanding. He saw Brexit was coming and he got our money out of areas that were at risk,” Kenney said.
The mayor says there was no cloud of suspicion or investigation underway surrounding Donatucci at the time of his death.
“Smart, [St. Joe’s] Prep kid, Penn kid, I guess he got tired of living I guess and that’s what happened. No one will ever figure it out and for families or friends to try to figure out an answer you will never find one. You just have to surround the family with love and understanding and move on.”
A funeral mass is scheduled for Thursday at St Monica’s Church in South Philadelphia.