CalSTRS named a new global equity director Wednesday, hiring an investment officer from Los Angeles to oversee the pension funds $105.8 billion stock portfolio.
June Kim will lead a 12-person equity investment staff at the California State Teachers Retirement System. Equities represent 57 percent of the entire CalSTRS investment portfolio.
Kim came to CalSTRS from the Los Angeles County Employees Retirement Association, where she spent the past seven years as principal investment officer for global equities. She has worked a total of 19 years in the investment business, in both the public and private sectors.
She replaces Trish Taniguchi, who held the position from 2010 to 2013.
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