CalSTRS Head of Global Equity June Kim Highlighted as a NextGen Investor
CIO Magazine features Kim as one of 2019’s inspiring investment industry leaders.
WEST SACRAMENTO, Calif. (July 12, 2019) – The California State Teachers’ Retirement System today announced that their Global Equity Director June Kim was selected as one of Chief Investment Officer Magazine’s 30 NextGen investors. Kim leads the largest asset class— at 51%— of the nation’s second-largest retirement system’s total portfolio.
The magazine describes NextGen recipients as, ‘…talented and inspiring asset allocators who show a strong ability to become potential game changers.’
“June is a strong dynamic leader, of not just our $100 billion plus global equity portfolio, but as a mentor to high school girls in our community through Rock the Street, Wall Street. During a critical transition period, she stepped in to act as one of our interim Deputy Chief Investment Officers. Under all the added work and pressure, June never lost her drive or focus,” said Chief Investment Officer Christopher J. Ailman.
Kim is passionate about increasing gender diversity in the investment industry. In addition to her work with Rock the Street, Wall Street, she is an advisory board member for Girls Who Invest. Most recently she was named a Finance Leaders Fellow at the Aspen Institute.
“Moving to the public sector has been my best personal allocation.”
Global Equity Director
“Moving to the public sector has been my best personal allocation,” said Kim. “I am grateful for the opportunity to work with fantastic people at a job that I find challenging, fulfilling, and meaningful. The work we do helps provide financial security for over 900,000 teachers, more than 70% of whom are women.”
The California State Teachers’ Retirement System, with a portfolio valued at $226.1 billion as of May 31, 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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