CalSTRS Global Equity Director June Kim named as Aspen Institute Finance Leaders Fellow
Two-year program focuses on connecting finance to society-at-large
WEST SACRAMENTO, Calif. (May 22, 2019) – The California State Teachers’ Retirement System today announced that Global Equity Director June Kim has been selected as one of 22 Finance Leaders Fellows at the Aspen Institute, part of the Aspen Global Leadership Network. Fellows are nominated by a third party; each class of Fellows is made up of high-integrity, highly diverse individuals who have something to teach and to learn from the others.
“The Aspen Institute is world renowned for developing leaders and we are honored to have June—one of CalSTRS top investment professionals, already recognized as an industry next generation leader—selected for the Fellowship program where she’ll have the opportunity to explore her vision for the global finance industry,” said Chief Investment Officer Christopher J. Ailman.
“I’m not surprised that June has been selected for the 2019 Finance Leaders Fellowship class. As CalSTRS Director of Global Equity, June manages over half of the Fund’s $233.9 billion in assets, leading the mission to provide California’s educators a secure retirement,” said Deputy Chief Investment Officer Scott Chan. ”Leveraging her direct investing expertise, she has made a tremendous financial impact to the Fund—managing more assets internally and overseeing a staff of 18. I’m proud that June is passionate about gender diversity, leading her to shape efforts, such as, CalSTRS’ Beyond Talk events—it’s exciting to see how she’ll transform the industry.”
“I anticipate gaining an even broader view of the financial markets and its challenges by sharing ideas, visions, and actions with the other Fellows.”
CalSTRS Global Equity Director
The Aspen Institute’s Finance Leaders Fellowship launched its inaugural class in 2016. The Fellowship was co-founded by Henry Crown Fellow Ranji Nagaswami, CEO of Hirtle Callaghan; and Christopher Varelas, Founding Partner of Riverwood Capital, with founding sponsorship from CFA Institute and other generous individual donors.
“I am excited and look forward to participating in this Finance Leaders Fellowship, which will provide a unique opportunity to work with a group of leaders in the finance industry from around the world. Over the next two years, I anticipate gaining an even broader view of the financial markets and its challenges by sharing ideas, visions, and actions with the other Fellows,” said Kim.
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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