CalSTRS Appoints Geraldine Jimenez Director of New Investment Strategy and Risk Unit
Unit’s primary goal: improve the risk-adjusted returns of the CalSTRS portfolio through a total fund research and decision-making structure
WEST SACRAMENTO, Calif. (June 13, 2019) – The California State Teachers’ Retirement System announces the appointment of Geraldine Jimenez as Director of Investment Strategy and Risk. This new unit, situated in the CalSTRS Investment Branch, was established in May 2019. The unit is responsible for implementing and monitoring CalSTRS’ overall investment portfolio strategy and risk profile.
Prior to her new director position, Jimenez was the portfolio manager leading the CalSTRS Investment Engagement Unit. In this capacity, she responded to stakeholder priorities and worked with the Teachers’ Retirement Board, senior investment team and executive staff to research investment information on external issues such as legislation or environmental, social and governance issues. Jimenez will report to Deputy Chief Investment Officer Scott Chan.
“Geraldine Jimenez has all the right skills and experience to lead this unit.”
Deputy Chief Investment Officer
“Geraldine has all the right skills and experience to lead this unit. As we bring more intelligence gathering and data analysis function in-house, her understanding of CalSTRS investment needs and priorities means the unit’s work has a substantial head start,” said Chan. “As we continue to implement the Collaborative Model, this unit will leverage it for the total portfolio.”
The Investment Strategy and Risk unit is comprised of three components: Total Fund Portfolio Management, Risk Management and Innovative Strategies. Though Risk Management and Innovative strategies are not new to the CalSTRS Investment Portfolio, their combination with Total Fund Portfolio Management allows for a single dedicated team to look at overall risks, opportunities and collaborative partnerships.
“I’m excited to be appointed to a new position that takes advantage of my more than 29 years of pension and portfolio management experience,” said Jimenez. “I’m working with a team that can hit the ground running to build out the overlay and smart rebalancing strategies—in other words developing models that are flexible enough to react to varying market conditions to optimize portfolio risk and return.”
Before joining CalSTRS in 2015, Jimenez spent over 25 years at the California Public Employees’ Retirement System with substantial time working in the global equity markets and managing the affiliate funds. She holds a Bachelor of Science in business administration, with a minor in economics from California State University, Sacramento. She is actively involved with the CFA Institute as a chartered financial analyst, as a member of the Standards of Practice Council, and as the past president of CFA Society Sacramento.
The California State Teachers’ Retirement System, with a portfolio valued at $233.9 billion as of April 30, 2019, is the largest educator-only pension fund in the world. CalSTRS serves California’s more than 949,000 public school educators and their families from the state’s 1,700 school districts, county offices of education and community college districts. A hybrid retirement system, CalSTRS administers a combined traditional defined benefit, cash balance and voluntary defined contribution plan. CalSTRS also provides disability and survivor benefits. CalSTRS members retire on average after more than 25 years of service, with a median retirement age of 62.9, and a monthly pension of approximately $4,475, which is not eligible for Social Security participation. For more data, download the CalSTRS Fast Facts 2018 brochure.
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