By Muskan Arora
The $4.6bn San Joaquin County Employees’ Retirement System has
appointed Trent Kaeslin as investment officer, who is set to take over on
January 27.
Kaeslin succeeds Paris Ba, who has now joined $8.6bn Ventura County Employees’ Retirement Association in October.
In this role, Kaeslin will be responsible for the pension
plan’s investment strategy and “ensuring the continued growth and security of
its assets” in line with the long-term goals, as stated in a recent press
release.
Consultant Meketa Investment Group and Kaeslin will work
closely to vet managers and design and execute policies for maximum returns and
minimum risks.
SJCERA reported a return of 9.6%, below the benchmark of 11.8%
as of June 31. SJCERA’s fiscal year ends Dec 31.
Prior to this role, he served as the VP and chief operations officer at Bank of Stockton’s wealth management group and managed $1.6bn in assets.
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