Patrick Mitchell, the outgoing CalSTRS chief investment officer, on July 17 will join Metropolitan West Financial as principal and managing director. He will spearhead a planned move into private equities and alternative investments and will support the financial firm’s existing businesses, which include securities lending and money management.
The $111 billion California State Teachers’ Retirement System, Sacramento, plans to name a new CIO in mid-August, hoping Mr. Mitchell’s successor will be on board a month later.
