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The California Public Employees’ Retirement System (CalPERS) has named Tim Legesse its new Investment Officer for Diversity.
Legesse, 44, will be responsible for reaching out to new and emerging money managers, acting as a point of contact for investment professionals seeking to do business with the nation’s largest public pension fund. He also will work across CalPERS five asset classes on diversity initiatives and programs, while keeping the financial community informed about the Fund’s policies.
He reports to CalPERS Chief Investment Officer Joseph A. Dear.
“Tim will be a central player in making sure that new and emerging money managers who want to do business with CalPERS get their proposals heard,” Dear said. “His experience and knowledge of investment strategies will ensure that we have access to the best people and the best investment ideas.”
Previously, Legesse founded Starline Capital Advisors LLC, a research and consulting services firm focused on niche private market investment strategies. Prior to that, he was a senior investment officer at the Lumina Foundation for Education Inc. in Indianapolis, and an investment officer focused on alternative investments with the Indiana Public Employees’ Retirement Fund. He also worked as a real estate acquisitions officer for the State Teachers Retirement System of Ohio and a financial analyst for Morgan Stanley in New York.
Legesse has a bachelor of science degree in finance from St. John’s University in Jamaica, N.Y., and received an MBA from the Haas School of Business at the University of California, Berkeley, where he was awarded a Robert Toigo Foundation fellowship.
