CalPERS Names Stevenson Investment Director of Investment Manager Engagement Programs

Mar 30 2017 | 4:17pm ET

The California Public Employees’ Retirement System, better known as CalPERS, has hired former Ford Foundation executive Clinton Stevenson to be the investment director of its Investment Management Engagement Programs (IMEP).

In his new role, Stevenson will oversee IMEP, which previously knows as Targeted Investment Programs, which provides coordination across all of CalPERS’ asset classes, according to a statement. Specific areas of focus are emerging and transition managers, responsible contracting, California investment initiatives, and diversity and inclusion efforts. The program is also responsible for the external manager monitoring and evaluation processes.

Stevenson brings more than 35 years in the investment industry to CalPERS, including 30 years at the Ford Foundation, where he served as the director of investment administration. In addition, he founded a firm that advised not-for-profit institutions on the structure, management, and governance of their investment programs.

“Clint is a wonderful addition to CalPERS,” said Ted Eliopoulos, CalPERS chief investment officer. “Manager evaluations, investment operations, and diversity and inclusion are all important components of our Investment Office. His depth of experience in each of these areas makes him the ideal fit to lead the Investment Management Engagement Programs.”

CalPERS is the largest defined-benefit public pension in the U.S., investing for more than 1.4 million members and managing a portfolio with a total fund market value of approximately $312 billion. 

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