CalSTRS CIO Christopher J. Ailman Honored by New America Alliance
For Expanding the Diversity of Ideas and People Throughout CalSTRS’ Investment Portfolio
Sacramento, CA – During a ceremony at the Sixth Wall Street Summit in New York City, the New America Alliance awarded Christopher J. Ailman, CalSTRS’ chief investment officer, the NAA Distinguished Service Award for Advancing Latinos in American Business. Mr. Ailman was recognized for his innovative approach in uncovering untapped talent in the investment arena and encouraging other institutional investors to seek out and hire emerging managers.
“Christopher J. Ailman has been a constant champion of investing with emerging managers,” said Wall Street Summit Co-Chair Luis F. Restrepo. “His recognition of diversity as a key strategic business component that creates valuable opportunities makes him a visionary and a trendsetter in the financial world.”
Last year, Mr. Ailman spearheaded the groundbreaking initiative with CalPERS and Altura Capital to create a database of emerging asset managers and other financial services firms. One of the goals of the project was the creation of a report which will serve as an industry reference guide of emerging financial service firms.
Under Mr. Ailman’s leadership, CalSTRS is also co-sponsoring a five-year survey with Leading Edge Investment Advisors and Anira Advisory Group to track changing attitudes about women and minorities in the investment management industry.
Mr. Ailman accepted the award on behalf of the CalSTRS investment team and during his speech, Ailman said, “…the CalSTRS Investment team have worked tirelessly not only to insure the best possible returns to the Fund, but to do so in a manner that is respectful of the California educators’ legacy of inclusion and diversity.”
With a $153 billion investment portfolio, the California State Teachers’ Retirement System is the second-largest public pension fund in the United States. It provides retirement, disability and survivor benefits to California’s 776,000 public school educators from kindergarten through community college.