CalSTRS Names Chief of New Investment Strategy and Risk Unit

The California State Teachers’ Retirement System (CalSTRS) has appointed Geraldine Jimenez as Director of Investment Strategy and Risk, confirmed Scott Chan, CalSTRS’ deputy chief investment officer. The new unit was established in May and is responsible for implementing and monitoring CalSTRS’ overall investment portfolio strategy and risk profile. The new unit’s primary goal is to …

Interview with Pentegra’s Scott Stone: Part 2

For our second video series installment, Managing Editor Leslie Kramer sat down with Pentegra Retirement Services’ CIO Scott Stone, at Markets Group’s Tri-State Institutional Forum in New York, to discuss “the crisis” of unfunded liabilities at U.S. pension funds, and how Pentegra has been so successful in funding its own liabilities. This is part-two of …

Asset Owner Profile: OHSERS’ CIO Majeed Seeks Right Perspective in Topsy-Turvy World

Farouki Majeed, chief investment officer of the School Employees Retirement System of Ohio (OHSERS), has been heading the investment team there for close to seven years. His route to that role has been a long one, including stints in Sri Lanka, Abu Dhabi, Minneapolis and Sacramento. In an interview with Institutional Allocator, Majeed shared his …

Pentegra CIO Stone Discusses Unfunded Liabilities Crisis

For our second video series installment, Managing Editor Leslie Kramer sat down with Pentegra Retirement Services‘ CIO Scott Stone at Markets Group’s Tri-State Institutional Forum in New York to discuss what he sees as the crisis of unfunded liabilities at pension funds around the country. This is part one of a five-part series.

Bruebaker Will Be “Present” in His Retirement

Gary Bruebaker, chief investment officer of the $135 billion Washington State Investment Board (WSIB), will retire on December 20, 2019, after 18 years on the job. Institutional Allocator took the opportunity to speak with Bruebaker about his reasons for retiring and to ascertain the pension fund’s plans for replacing him. The WSIB’s goal is to …

IA Strategy: Colorado FPPA Targets Summer to Begin A/L Rejig

The Greenwood Village, Colo.-based Fire & Police Pension Association of Colorado (FPPA) is entering the final stages of an approximately year-long effort to change aspects of its asset allocation and by so doing begin a multi-year process to de-risk approximately one-quarter of its overall investment portfolio, or $1.3 billion. The fund anticipates beginning the implementation of the project …

CIOs Mix It Up on Myriad Questions, Concerns

What are the interesting trends in 2019? What does the future of private equity investment hold? Where are returns to be found at the close of a bull market?  And where does the search begin for strategies that can provide solid returns while delivering protection across asset classes?  These were just some of the questions …

IA Strategy: Minnesota Endorses $1B Private-Markets Recommendation

The Investment Advisory Council of the Minnesota State Board of Investment (MSBI) has given the thumbs up to a staff recommendation that MSBI make commitments to eight private equity funds, totaling approximately $1 billion.    At a May 20 meeting, the Investment Advisory Council, which provides advice to the $96 billion MSBI and its Executive Director, …

Virginia Says Hello, Goodbye to Managers to Tune of $1.4B

The Virginia Retirement System (VRS) in Richmond has since February terminated asset managers handling accounts within its credit-strategies program, and committed assets to two new managers, amounting to $1.4 billion in transactions. The hires and fires we reported to the fund’s board at its May 13 meeting. “The hiring and terminations presented…were not related to …

Asset Owner Profile: SITFO’s Madsen Believes Institutional Investment Pros are Underappreciated

In 2015, the State of Utah created the Utah School & Institutional Trust Funds Office (SITFO) to manage revenue from natural gas, oil, and the sale of state lands. That year, the trustees of the fund hired Peter Madsen as the fund’s first chief investment officer, a position he holds today.  Having moved around the industry over …