Marcie Frost, CEO, CalPERS, "A Role Model for the Investment Community"

Our guest for today's podcast is Marcie Frost, Chief Executive Officer of CalPERS.  Marcie joined CalPERS as CEO in October 2016. She is the ninth CEO and second woman to head America's largest pension fund. As CEO, Marcie oversees an annual budget of $1.8 billion, an experienced team of 2,800 professionals, and three lines of business for the fund: pensions, health benefits, and investments. CalPERS administers a defined benefit retirement system for more than 1.9 million California public sector workers and their families. It is the nation's second-largest purchaser of health care benefits, covering more than 1.5 million lives. CalPERS' global investment portfolios stand at roughly $460 billion at the time of this recording. Under Marcie's leadership, CalPERS is focused on maximizing long-term investment returns to meet the fund's fiduciary responsibility to members and leverage the fund's global strength to drive sustainable markets. So how did Marcie land one of the most coveted jobs in the business?  What does it take to run one of the nation's most influential pensions?  What is CalPERS looking for in the next CIO?  You want to know?  Well, we've got the answers. Without further ado, here is our conversation with Marcie Frost.