The California State Teachers’ Retirement System announced this week the promotion of both Geraldine Jimenez and Mike DiRe to Senior Investment Director. Jimenez will be Senior Investment Director for Public Markets and DiRe will be Senior Investment Director for Private Markets. Both will report to Deputy CIO Scott Chan.
“Geraldine and Mike each bring decades of institutional investment expertise and a strong track record of leadership at CalSTRS,” Chan said in the announcement. “This is a very valuable combination and will benefit our investment team as we continue to strengthen our organization for the future. I am delighted to be working with them in these new senior leadership roles.” , I know how hard they work to strengthen our mission to secure retirement for California’s public educators.”
The two new Senior Investment Directors bring more than 65 years of combined investment experience to their new positions. Both have bachelor’s degrees in business administration from California State University, Sacramento and have been with CalPERS for several years.
“We are honored to be working with our talented Public Market Directors and their dedicated team,” Jimenez said in a release. “At CalSTRS, we are constantly looking for new ways to generate the necessary return on investment for teacher pension benefits, working with our experienced internal public trading team and key external partners. We look forward to continuing this focus.” I have.”
“It has been great to lead our real estate team, and we appreciate the opportunity to join forces with our private equity and inflation-sensitive team,” DiRe said in a release. “We will continue to seek lucrative alternative investments to expand and protect teacher retirement funds during this difficult economic time.”
CalSTRS reports it has reduced portfolio costs by more than $1.2 billion since 2017.
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Tags: CalSTRS, Geraldine Jimenez, Mike DiRe, Scott Chan