CalSTRS intends to hire Pendleton James Associates to help find a new chief investment officer to replace Patrick Mitchell.
Board members of the $114 billion California State Teachers’ Retirement Fund, Sac-ramento, chose Pendleton James because it already is assisting sister fund CalPERS in its search for a CIO. However, CalSTRS officials have not yet contacted Pendleton James.
CalSTRS scheduled a special board meeting Aug. 11 to interview candidates, with the goal of having a new CIO by Sept. 15.
