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849 total appearances

Appearances Over Time

Podcast Appearances

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

So I think the best way I'd articulate it is I really have always just been very mission-driven.

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

I'm very inspired by the notion of being able to invest and then knowing that it's bettering or giving folks a retirement with dignity, if you will.

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

And I think that's just because I spent almost 17 years at Ontario Teachers.

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

And so when this opportunity came along to join really the largest pension in the U.S., but also one that's been quite storied and extremely complex, I really got excited just about the idea of being able to bring that toolkit of experience that I had sitting in what I think is still one of the most innovative pensions.

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

certainly for its time.

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

And I can touch on that a little bit later, what made it so innovative.

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

But coming from the learning I had from the very earliest days of my career at Ontario Teachers and being able to bring some of that Canadian style of governance and total portfolio approach, if you will, I thought, you know, what a great time in my career to do that.

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

So I went, I jumped in, you know, fee first, super excited to take that on.

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

To step back, the current CIO, Stephen Gilmore, is formally and officially moving the board to a TPA approach.

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

I would say I tackled it a little bit differently.

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

Again, I arrived in the middle of COVID.

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

There was really no one in the halls just yet.

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

California was still allowing state workers to work from home for the most part.

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

And so

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

I really started with a big listening tour.

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

I know that phrase gets used a lot, but I genuinely just walked the halls for the first 90 days, not 100 days.

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

My very first board meeting was minutes after I arrived.

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

And so I said, you know, at my June board meeting, let me walk you through my observations.

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

And so I think...

How I Invest with David Weisburd
E292: How the Former CalPERS CIO Built a High-Performance Investment Culture

Trying to take this, you know, classic listening tour approach really helped me to kind of identify.