CalPERS, CalSTRS need fresh skills to take on new risks, Betty Yee says
By Arleen Jacobius
Source: Pensions & Investments
Asset owners need a different set of tools to navigate their portfolios through the uncharted waters they find themselves in today, said Betty T. Yee, outgoing California state controller and member of the boards of CalPERS and CalSTRS.
To get there, boards need more education related to these issues and risks including geopolitical and climate change, and to hire staff with different skill sets to augment the deep investment expertise plans already require.
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