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.