The $56.9B State of Connecticut Retirement Plans and Trust Fund has promoted Denise Stake to state’s deputy chief investment officer. .
Erick Russell, Connecticut State Treasurer, announced in a press release that Stake, who was previously the CRPTF’s principal investment officer for real assets, will now oversee the investment strategy of Connecticut’s public defined benefit pension funds and investment trusts.
“Denise’s expertise in strategic investment management and her deep industry knowledge have made her an invaluable member of our investment team,” said Russell, in the release.
Stake joined the pension plan in 2022. Prior to that she worked as a real estate portfolio manager at Barings for more than 17 years. Earlier in her career, she served as the director of research at the National Council for Real Estate Investment Fiduciaries.
Amit Aggarwal will succeed Stake as principal investment officer for real assets. He joins the CRPTF from the Los Angeles County Retirement Association, where he served as a real estate investment officer. Previously, he worked as an investment officer at the California Public Employees’ Retirement System.
“Attracting and retaining top talent is one of my primary goals as Treasurer, and Amit is a great example of the kind of investment professional we’re eager to bring on board,” added Russell. “Our pension fund management team has a well-deserved stellar reputation, and professionals like Amit will help us to build on that success as we continue to deliver positive investment returns for Connecticut.”
