CalSTRS names new deputy CIO

Chan will replace retiring deputy CIO Michelle Cunningham effective August 1.

The California State Teachers’ Retirement System (CalSTRS) selected Scott Chan as its new deputy chief investment officer, the pension fund announced in a press release yesterday.

Chan, who will begin his tenure August 1, previously was a senior managing director with the University of California Regents, managing its $55 billion global equities portfolio. Chan has also served as the CIO of the $8 billion Sacramento Employees’ Retirement System.

He will replace Michelle Cunningham, CalSTRS’ inaugural deputy CIO who retired in December 2017.

The $225 billion US public pension has a 21.8 percent allocation to alternative assets. Platinum subscribers may click here for CalSTRS’ full profile, including key contacts, allocation strategy and fund investments.