CalPERS Names Patricia Pinkos to Senior Investment Officer Post.Business/News Editors SACRAMENTO, Calif.--(BUSINESS WIRE)--June 19, 2002 The California Public Employees' Retirement System (CalPERS) has named Patricia A. Pinkos as its new Senior Investment Officer for asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. and risk management. Pinkos is a 15-year veteran investment officer with CalPERS. In this newly created position, she will be responsible for asset allocation implementation and the development of a comprehensive risk management program for the pension fund. "We are proud to have Pat serving in this position for the fund," said Mark Anson, Chief Investment Officer for CalPERS. "She is highly regarded throughout the investment management industry and has a wealth of investment experience and a familiarity of our investment programs that is important to our long-term success." Pinkos joined CalPERS in 1987, where she rose through the ranks of the System's investment office. Previously, she served as Senior Principal Investment Officer for the CalPERS Internal Equity program, overseeing a $55 billion domestic equity index fund and a $5 billion dynamic completion fund. Pinkos has had oversight
Oversight may refer to:
The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. unit and the System's active domestic equity, international equity and fixed income, and currency overlay Currency Overlay The outsourcing of currency risk management to a specialist firm, known as the overlay manager. This is used in international investment portfolios to separate the management of currency risk from the asset allocation and security selection decisions of the managers. She also laid the groundwork for CalPERS early alternative investments. Before joining CalPERS, Pinkos had her own business advising individuals and small pension funds as a Certified Financial Planner Certified Financial Planner (CFP) A person who has passed examinations accredited by the Certified Financial Planner Board of Standards, showing that the person is able to manage a client's banking, estate, insurance, investment, and tax affairs. . Pinkos earned her Masters in Business Administration from Golden Gate University and holds a Bachelor of Arts degree from the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. in mathematics. She is a Charted Financial Analyst. CalPERS has assets totaling more $149 billion. The System provides retirement and health benefits to 1.3 million State and local public employees and their families. |
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