CalSTRS Promotes 2 to Senior Investment Director Roles

The California State Teachers’ Retirement System announced the promotions of both Geraldine Jimenez and Mike DiRe to senior investment director roles this week. Jimenez will be the senior investment director of public markets, and DiRe will be the senior investment director of private markets; both will report to Deputy CIO Scott Chan.

“Geraldine and Mike each have decades of institutional investing expertise and excellent track records of leadership at CalSTRS,” Chan said in the announcement. “That’s a very valuable combination that will benefit our investments team as we continue to strengthen our organization to equip us for the future. I’m delighted to work with them in these new senior leadership roles and know how committed they both are to bolstering our mission of securing the retirement of California’s public educators.”

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The two new senior investment directors bring more than 65 years of combined investment experience to their new roles. The duo both hold bachelor’s degrees in business administration from California State University, Sacramento, as well as multi-year employment stints with CalPERS.

“I’m honored to work with our talented public markets directors and their dedicated teams,” Jimenez said in the release. “At CalSTRS, we’re always looking for new ways to create the investment returns needed to pay teachers’ pension benefits by working with our skilled in-house public trading teams and leading external partners. I look forward to continuing this focus.”

“It has been wonderful leading our real estate team, and I’m grateful for the opportunity to join forces with private equity and inflation sensitive,” DiRe said in the release. “During these challenging economic times, we’ll continue to seek advantageous alternative investments to expand and protect the Teachers’ Retirement Fund.”