Wednesday, July 3rd, 2024 ⁠A topical newsletter from CIO Leadership and People A newsletter for institutional investors, focused on leadership changes and recruitment and retention of professional investors.  SPONSORED AD Pensions LACERA Wins Court Decision Backing Its Authority Over Employee Compensation, Classification The state appellate court ruling reversed a 2018 decision by the Los Angeles Board of Supervisors to reject the retirement system’s proposed changes. Opinion Lessons on How to Manage Major Systemic Risks Investors’ thoughts on how system-level investing, focusing on interconnections between stressed, complex systems, can impact portfolio performance and where it can help. Pensions STRS Ohio Board Votes Against Performance Bonuses for Investment Staff The board of the pension fund voted 5-4 to negate any performance-based compensation. In-Focus How Chris Ailman Cemented a Legacy of ESG Activism The long-serving CalSTRS CIO, who retires June 30, used the pension giant’s financial heft to press companies toward more sustainable paths.   Corporate Moves NZ Super Begins Hiring Process for Next CIO Applications for the position are due July 1.   Newsmakers Scott Chan Named CalSTRS’ New CIO The fund’s deputy CIO will step up to replace the long-tenured Chris Ailman. Did someone forward you this newsletter? Sign up here to get Chief Investment Officer Spotlight directly in your mailbox!

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