CalPERS selects Richtman to lead Sustainable Investment Program

Former investment manager of the $345bn US public pension will spearhead team focused on ESG integration.

The California Public Employees’ Retirement System (CalPERS) announced today in a press release that Beth Richtman had been named the Managing Investment Director of the pension fund’s Sustainable Investment Program.

In this recently-created role, Richtman will spearhead a team that seeks to integrate environmental, social and governance (ESG) factors throughout CalPERS’ investment decision-making process. According to the press release, Richtman will also lead collaboration efforts with other stakeholders to promote corporate engagement and socially responsible investing.

As an investment manager in CalPERS’ real assets program since joining the $345 billion US public pension in 2012, Richtman was responsible for managing the fund’s $7 billion in real estate and infrastructure assets.

CalPERS has a 19 percent allocation towards alternative investments. Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.