The following are the CIO’s Key Objectives:
- Achieve returns which meet or exceed benchmarks established by the Board. ▪ Evaluate, and if necessary, make changes in the investment organizational structure to ensure the efficient and cost-effective management of the investment program. ▪ Review, and if necessary, make changes to ensure the Investment department is properly resourced to internally manage assets.
- Oversee the implementation of the asset allocation adopted by the Board in October 2021. ▪ Review external manager fees to ensure PSERS is paying fees that are competitive and provide value for the System.
- Manage the deployment of capital and capital commitments to achieve and maintain alternative asset class target allocations within minimum and maximum ranges. ▪ Evaluate the investment program to reduce complexity and expense while still being structured to achieve the risk adjusted investment return objectives.
- Promote a departmental culture that encourages engagement and collaboration with other PSERS departments to execute the System’s strategic plan and achieve its mission. ▪ Recommend strategies and develop and implement plans to retain key investment staff.
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