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 …

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 …

CalPERS’s Departing Board Prez Priya Mathur on New Initiative to Address Workplace Sexual Harassment

A coalition of trustees, which includes the California Public Employees’ Retirement System (CalPERS), the California State Teachers’ Retirement System, (CalSTRS), the Los Angeles County Employees’ Retirement Association (LACERA) and the Los Angeles City Employees’ Retirement System (LACERS), have launched the Trustees United Principles. Priya Mathur, outgoing board president of CalPERS, told IA that the principles …

Cal. State’s Controller Betty Yee Speaks from her Seat on CalPERS, CalSTRS Boards

Betty Yee, California’s 32nd state controller and chief financial officer, will this week deliver the Breakfast Welcome Address at Markets Group’s 6th Annual California Institutional Forum in Sonoma. Yee is a board member of the $346.8 billion California Public Employees’ Retirement System (CalPERS) and the $219.2 billion California State Teachers’ Retirement System (CalSTRS), the two …

Advisors Offer Deep Dive into their Real-Asset Investing Strategies

This week, Reporter Kaitlyn Mitchell spoke with institutional investment consultants and managers on how they are advising their institutional clients to invest in real assets. Experts consulted include pros from Aon, Hamilton Lane and Wilshire Associates, and Polsinelli law firm. Many Facets to the Class “The way we define real assets is anything that has …

CalPERS’ New ESG Investment Boss Presents Vision for Program

Beth Richtman, the California Public Employees’ Retirement System’s (CalPERS) first managing investment director of its sustainable investment program, on July 16, delivered her first presentation to the system’s board of trustees, outlining her vision and initial steps for implementing ESG principles across the pension fund’s portfolio.  She said in the presentation that her overriding vision …

More Power to the CEO!

Governance Guru Applauds CalPERS’ Move The decision last week by the board of the $350 billion California Public State Retirement System (CalPERS) to change its governance policy to make the CEO solely responsible for hiring, evaluating and, if necessary, terminating the chief investment officer, sits very well with Rick Funston, managing partner at Funston Advisory …

Verus Advances Ball on Emerging Manager, ESG initiative

Verus Investments, which last year kicked-off an effort to include more emerging and environmental, social and governance (ESG) managers on its approved-manager  list, is bringing  more thought to how it assists clients in identifying emerging managers and implementing their ESG mission-related initiatives, according to Eileen Neill, a managing director and senior consultant with the firm. …