CalSTRS Investment Chief Joins Global Investor Leadership Group
Chief Investment Officer Christopher J. Ailman is the newest member of the 300 Club.
WEST SACRAMENTO, CA – California State Teachers’ Retirement System (CalSTRS) Chief Investment Officer Christopher J. Ailman has joined the 300 Club, an independent group made up of leading investment professionals from around the globe.
As well as being Chief Investment Officer of CalSTRS, Ailman serves on several boards and advisory boards in the U.S. and U.K. He is a member of the International Corporate Governance Network, a U.K.-based not-for-profit organization dedicated to raising the standards of corporate governance worldwide. In addition, he currently serves on the board for the Pacific Pension Institute, an educational resource for institutional investors engaged in long-term investment in the Asia Pacific region, and he is the co-chair of the Milken Global Capital Markets Committee from the Milken Institute.
“Becoming a member of the 300 Club is a great opportunity as the group tackles the fundamental questions and problems arising within the investment industry,” Ailman said. “Due to the progressively complex and uncertain economic environment, we cannot rely on previously followed investment theory and tools, but must evolve with the rapidly changing financial climate to ensure we achieve optimal outcomes for investors. I look forward to working with my esteemed colleagues in facing these problems in what continues to become an increasingly sophisticated market place.”
Saker Nusseibeh, Chairman of the 300 Club, commented: “Chris is a well-respected figure in the pensions industry with vast experience of institutional investment management. Having steered the second-largest pension fund in the U.S. through the financial crisis, he is no stranger to adapting investment theory to meet the complex and highly regulated environment experienced today.
“Chris has been calling for 21st century ideas and solutions in the move to tackle risk for quite some time. We welcome him to the 300 Club and look forward to exploring his foresight on continuing changes in the industry with the view of establishing how uncertainty and complex economic fundamentals can be managed effectively.”
The 300 Club members continue to publish a series of papers which focus on some of the challenges we are facing, including dynamic asset allocation, manager selection, principal-agency relationship and client engagement. For further information, please visit the 300 Club’s website.
|Members of the 300 Club:|
|Saker Nusseibeh||Hermes Fund Managers (Chairman of the 300 Club)|
|Zuhair Mohammed||Aon Hewitt|
|Prof. Amin Rajan||Create Research|
|Lars Dijkstra||Kempen Capital Management|
|Bob Maynard||Public Employee Retirement System of Idaho|
|Robert Talbut||Royal London Asset Management|
|Dylan Grice||Edelweiss Holdings Ltd.|
The mission of the 300 Club* is to raise awareness about the potential impact of current market thinking and behaviors, and to call for immediate action.
*The “300” refers to the legendary 300 Spartans who in 480 BC held off the vastly numerically superior invading Persian army at the Battle of Thermopylae to give sufficient time for the remaining Greek forces to regroup. The story of the 300 has become a symbol of what can be achieved by a small band of high conviction individuals against overwhelming odds.
300 Club Contacts:
+44 (0)20 7680 2152
or +44 (0)784 132 4061
+44 (0)20 7680 2120
or +44 (0)773 891 6122
The California State Teachers’ Retirement System, with a portfolio valued at $163.7 billion as of 31 March 2013, is the largest educator-only pension fund in the world. CalSTRS administers a hybrid retirement system, consisting of traditional defined benefit, cash balance and voluntary defined contribution plans, as well as disability and survivor benefits. CalSTRS serves California’s 862,000 public school educators and their families from the state’s 1,600 school districts, county offices of education and community college districts.