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ASSET OWNERS

Christopher Ailman to lead North American chapter of the 300 Club

Christopher Ailman, CIO, CalSTRS
Christopher Ailman, chief investment officer of the California State Teachers' Retirement System, will head the new chapter.

The 300 Club has set up a North American chapter headed up by Christopher Ailman, chief investment officer of the $196.4 billion California State Teachers' Retirement System, West Sacramento.

The 300 Club — an independent group of leading investment professionals from around the globe working together to spot dangerous market behaviors and raising awareness of the potential impact of current market thinking — also added three other CIOs: Theodore Eliopoulos of the $311 billion California Public Employees' Retirement System; Russell Read of the $55.4 billion Alaska Permanent Fund; and Sam Masoudi of the $7.4 billion Wyoming Retirement System, according to a news release. Mr. Ailman was previously a member.

“Establishing a North American chapter of the 300 Club is a natural step in the evolution of the group. We are seeing increasing levels of interest from peers in the industry as we work to challenge current investment theories and build a sustainable and fair financial system,” Stefan Dunatov, chairman of the 300 Club said in the release.

Mr. Ailman added: “It is testament to the profile and work of the club to date that we have such a high caliber of colleagues joining.”

The 300 Club believes that economic and investment trends are set to change the investing landscape over the next two decades, heading toward a turning point that presents huge risks to ordinary savers.

Other North America-based members of the group that were already members include Ron Barin, CIO at Alcoa Inc.; Bob Maynard, CIO at the $15.7 billion Idaho Public Employees' Retirement System; David Villa, CIO at the State of Wisconsin Investment Board, which oversees a total of $104.6 billion; and Ron Schmitz, CIO at the $69 billion Virginia Retirement System.