CalSTRS hires CFO

The $225 billion US public pension has filled an executive vacancy.

The California State Teachers’ Retirement System (CalSTRS) announced the hiring of Julie Underwood as the chief financial officer. She will assume the role beginning July 16 2018.

Ms. Underwood replaces Robin Madsen who retired in March of this year.

Previously, Ms. Underwood served had as CFO at San Bernardino County Employees’ Retirement Association since 2010.

The US public pension has a current allocation to real estate strategies of about 12 percent. Platinum subscribers may click here for CalSTRS full profile, including key contacts, allocation strategy and fund investments.