Calstrs Picks Scott Chan to Head $333 Billion Pension Fund (1)

The California State Teachers’ Retirement System, the nation’s second-largest public pension fund, named Scott Chan as its chief investment officer, providing an in-house successor to veteran Chris Ailman.

Chan, who has served as Calstrs’s deputy CIO since 2018, succeeds longtime investment chief Ailman, who is retiring at the age of 65 after nearly 24 years with the pension fund, according to a statement on Wednesday.

Scott Chan

Source: California State Teachers’ Retirement System

Chan, 53, is credited with driving Calstrs’s efforts to increase direct investments and leverage its roughly $333 billion portfolio to pursue co-investment partnerships. The strategy has resulted in cost savings of $1.6 ...