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: Montana’s Cullen Casts Himself as Lifelong Learner

Joe Cullen is the chief investment officer for the Montana Board of Investments (MBOI). Having held various roles with many types of financial institutions across a 25-year-plus career, has provided him with broad perspective on finance and investment and industry trends, as well as opportunities to learn from some “great people.” He says his career …

Fireside Chat: Semper Capital CEO Gives Back

Earlier this month, Greg Parsons, CEO of Semper Capital Management, a New York-based asset management boutique with approximately $3.2 billion in assets under management, addressed a group of service-disabled veterans, military spouses and caregivers who were nearing the end of a five-month business and entrepreneurship fellowship program at Georgetown University, which included real-life work experience at a non-profit …

Pension Practitioners Weigh in on Looming Retirement-Income Crisis

Increasing longevity and population aging are global trends that are placing increasing financial strain on social security safety nets as well as employee benefits such as defined benefit (DB) retirement plans. In the U.S., Americans entering retirement are in worse financial shape than the prior generation for the first time since Harry Truman was president, …

CalPERS Hopes Other Funds Will Follow its GIPS Adoption

Having achieved compliance with CFA Institute’s Global Investment Performance Standards (GIPs) for the first time, for the year ending June 30, 2017, the California Public Employees’ Retirement System (CalPERS) hopes its adoption of the standards will spur other U.S. state pension plans to follow suit. “One of the reasons this is a big deal is …